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EU Promises €16 Billion to Hungary for Swift ReformsHungary must pass key anti-corruption laws by August to unlock €10 billion from the EU's recovery fund this year.
- The EU Commission offers Hungary €16.4 billion contingent on rapid implementation of reforms by Prime Minister Peter Magyar's government.
- This funding equals roughly 13 percent of Hungary's national budget and is critical for one of the EU's poorest members.
- Conditions include fighting corruption, joining the European Public Prosecutor's Office, and making investments in energy, housing, and transport.
- Hungary is required to enact laws by the end of August to access €10 billion from the Corona recovery fund.
That's quite a sum. But the Hungarian population deserves it.— Ursula von der Leyen, President of the European Commission, said this in relation to the 16.4 billion euros for Hungary.
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Summary created with AI assistance · Source: euronews.com
Summary created with AI assistance · Source: euronews.com
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