After the new Hungarian government’s reform progress, the European Union is clearing the way for blocked funding worth tens of billions. This was announced by the President of the EU Commission Ursula von der Leyen on Friday after a meeting with the new Hungarian prime minister Péter Hungarian with.
Over 16 billion euros
Specifically, it’s about ten billion euros from the Corona reconstruction fund as grants and cheap loans. The Brussels authority also states 4.2 billion euros cohesive agents free. These funds were under the previous government of Viktor Orbán frozen due to doubts about the rule of law.
“I am very pleased to be able to announce today that we are releasing ten billion euros for Hungary,” said von der Leyen. Thanks to the progress made in the agreed core reforms, the Commission was also able to release conditional structural aid. An additional 2.2 billion euros in cohesion funds will be made available to Budapest as soon as the government implements further reform steps.
Specifically: The money will be released due to the “great progress” made in a short period of time in investments, regional development and the fight against corruption. “More steps need to be taken, but we are on the right track,” she added.
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