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EU unblocks €10 billion for Hungary following agreement with Péter Magyar

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The European Commission has unblocked €10 billion for Hungary for energy and transport. Prime Minister Péter Magyar negotiated the funds before the late August deadline.

The European Union has unlocked 10 billion euros in frozen funds for Hungary. This is reported by UNN with reference to The Guardian.

Details

European Commission President Ursula von der Leyen stated that both sides "agreed on very specific projects that will support key sectors, such as, for example, energy, housing, as well as transport and small and medium-sized enterprises, to name just a few."

Subject to the adoption of reforms and the implementation of investments. I am very pleased to announce today that we can unlock 10 billion euros for Hungary

- she says.

Additionally

Hungarian Head of Government Péter Magyar secures his first major victory as Prime Minister, as he managed to reach a political agreement with the Commission regarding funds that would have otherwise expired at the end of August.

Budapest names condition for meeting between Magyar and Zelenskyy27.05.26, 16:18

Yevhen Ustimenko Economy
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