Commission set to approve Hungary’s €10bn in post-pandemic aid
4 Articles
4 Articles
The European Commission is expected to approve almost the entire €10 billion allocated to Hungary from the Recovery and Resilience Facility (RRF) later this month, Commission officials have confirmed to Euronews. Prime Minister Péter Magyar, who came to power with a landslide victory in April's elections, based his campaign on the promise to unblock EU funds that had been frozen during Viktor Orbán's 16 years in power. In May, Magyar and Commiss…
AFTER rule of law reforms, the new Hungarian government led by Péter Magyar will soon have access to almost 10 billion euros of EU funds frozen under Viktor Orbán.
Commission set to approve Hungary’s €10bn in post-pandemic aid
Hungary is on course to receive almost €10 billion in EU recovery funds frozen under Viktor Orbán, after Prime Minister Péter Magyar’s government pushed through sweeping rule-of-law and anti-corruption reforms.
Hungary may receive a large portion of the previously frozen EU funding. Brussels may conclude the audit in November, and based on the assessment so far, a favorable decision is expected.
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