EU Proposes Unlocking 4.2B Euros for Hungary

The European Commission proposed unlocking 4.2 billion euros in cohesion funds for Hungary following rule of law reforms. The decision also reopens academic programs for Hungarian students and researchers. The proposal now requires formal adoption by EU member states.

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman

The European Commission proposed unlocking €4.2 billion in cohesion funds for Hungary, citing judicial reforms. The funds represent a fraction of a broader €16.4 billion recovery package frozen over rule-of-law disputes. The unblocking signals a thaw in relations between Brussels and Budapest following domestic policy shifts.

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