Hungary starts new talks to release 10.4 billion in EU funds
Prime Minister Peter Magyar expects to sign a political agreement in Brussels next week to secure suspended post-pandemic recovery funds. The government aims to meet an August deadline to address budget deficits and support the domestic economy.
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Hungary will begin new negotiations to unlock 10.4 billion euros in suspended European Union recovery funds. Prime Minister Peter Magyar aims to finalize a political agreement in Brussels next week before the August 31 eligibility deadline. The capital injection is required to stabilize state finances and support an economy that exited recession in the first quarter.
