Hungary on track to unlock €10bn in EU funds before reform deadline
4 Articles
4 Articles
Hungary on track to unlock €10bn in EU funds before reform deadline
Hungary is on track to meet all EU criteria by the end of August to unlock €10 billion in frozen recovery funds. Budapest and Commission sources say the process is on track, with two-thirds of the required milestones already met.
Hungary has only a few days left to meet the conditions for EU recovery funds. According to sources in Brussels, the Hungarian government is on track, so the bulk of the more than 10 billion euro package could be released. However, the 16.4 billion euro deal announced in May does not mean the same amount of immediate cash: we show you exactly how much money is involved, when it could arrive, and what could remain in Brussels.
At stake are 10 billion euros in EU recovery funds blocked due to rule of law issues.
According to the government, two-thirds of the commitments have already been fulfilled.
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