EU: Hungary meets conditions for release of billions in EU funds
Hungary is receiving billions in frozen corona funds. Brussels and Budapest have already determined in detail what the money will be used for.
Hungary has met the European Union's criteria to retrieve frozen EU funds, according to Transport Minister David Vitezy. The EU Commission had previously released 16.4 billion euros in May, but had made the payment contingent on a series of reforms. The Hungarian government, led by Prime Minister Peter Magyar, who won the election in April, fulfilled the requirements by August 31, including measures to combat corruption and restore an independent judiciary. The funds include 10 billion euros in coronavirus aid and 6.4 billion euros from EU cohesion funds.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
