After years of struggle: Hungary on its way to receive billions from the European Union

Hungary has notified the European Union that it has completed reforms aimed at addressing concerns regarding the rule of law. This move could release 4.2 billion euros in frozen funds and restore access to European programs such as Erasmus+ and Horizon Europe. The agreement was reached in May between Prime Minister Péter Magyar and European Commission President Ursula von der Leyen.

The Hungarian government has officially notified the European Commission that it has completed reforms designed to address the EU's concerns about the rule of law. This move could release 4.2 billion euros in funds frozen under the conditionality mechanism and restore access to European programs such as Erasmus+ and Horizon Europe, which were blocked due to the dispute. The agreement was reached in May between Hungarian Prime Minister Péter Magyar and European Commission President Ursula von der Leyen. At the end of 2022, the Council of the European Union suspended the transfer of 6.3 billion euros in cohesion funds due to deficiencies in fighting corruption, conflicts of interest, and irregularities in public tenders. The amount has since been reduced following the loss of some funds. This move is part of a broader normalization of relations with Brussels, which began after Magyar ousted Viktor Orbán from power in April. Hungary is still entitled to 10 billion euros under the Recovery and Resilience Facility, and a payment request is expected later this month. Just over 2 billion euros in cohesion funds remain frozen due to concerns about the asylum system, the child protection law, and academic freedom. The Commission has one month to complete its review.