EU Commission Looks to Unblock Billions for Hungary
- On Wednesday, the European Commission proposed unlocking €4.2 billion in cohesion funds for Hungary, citing progress in strengthening the rule of law while restoring access to Erasmus+ and Horizon Europe.
- Prime Minister Péter Magyar and European Commission President Ursula von der Leyen agreed in May to release €16.4 billion total, provided Hungary met 27 'super milestones' to reverse policies from Viktor Orbán's 16-year rule.
- The European Union originally suspended €6.3 billion in 2022 citing anti-corruption and procurement issues, but Budapest recently resolved issues regarding public interest trusts, known as KEKVA, to satisfy requirements.
- Hungary currently seeks an additional €10 billion in recovery funds, which the Commission is assessing, while a further €2 billion remains blocked over concerns regarding academic freedom, asylum systems, and child protection laws.
- All member states in the EU Council must formally adopt the proposal to finalize the release, as Magyar pledged to resolve remaining outstanding issues concerning academic and asylum policies by the end of the year.
53 Articles
53 Articles
The European Commission has unblocked 4.2 billion euros in cohesion funds for Hungary, after assessing that Budapest has met the required conditions for strengthening the rule of law and protecting EU funds. The decision also paves the way for Hungarian students and researchers to return to the Erasmus+ and Horizon Europe programs, following restrictions imposed by Brussels, reports Telegrafi. In 2022, the EU had frozen 6.3 billion euros in fund…
The release of these funds will have to be validated by the Twenty-Seven, but there is little suspense: it is a first tranche of the more than EUR 16 billion of frozen funds which the European Union intends to gradually return to Hungary, subject to reforms.
EU moves to unlock €4.2 billion in frozen funds for Hungary
The European Commission has proposed unlocking €4.2 billion in frozen EU funds for Hungary, marking a major development in the long-running funding dispute between Budapest and Brussels. The move could also restore full access to Erasmus+ and Horizon Europe for Hungarian students and researchers, following reforms introduced by the country’s new government.Continue reading
In 2022, bloc adopted measures against Hungary to protect EU budget from 'rule-of-law breaches'
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