Brussels releases €10 billion in frozen EU funds for Hungary amid Orbán's threats
- The European Union has granted Hungary access to 10.2 billion euros in frozen funds, after concerns about democratic backsliding by Prime Minister Viktor Orban's government were addressed.
- The funds mainly consist of "cohesion funds" for maintaining infrastructure at EU standards, and the European Commission will closely monitor Hungary's compliance.
- Hungary's ailing economy, which narrowly avoided four straight quarters of contraction, will benefit from the access to frozen funds.
80 Articles
80 Articles
Czechs push for separate Ukraine funds if Hungary blocks further aid
In today’s edition of the Capitals, find out more about Albania suspending the migration deal with Italia following a constitutional court decision, Donlad Tusk heading to Brussels as potential advocate of Balkan EU candidates, and so much more.
European Commission decided to unblock 10 billion euros for Hungary
Today, on December 13, the European Commission decided to unfreeze 10 billion euros for Hungary, which is about a third of the amount blocked due to a number of problems with the rule of law in the country. Before that, there was information about the refusal to unfreeze such a tranche for Budapest.
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