Hungary to Unveil Anti-Corruption Reforms for EU Funds
The Hungarian government will introduce comprehensive anti-corruption legislation next week to unlock up to 10 billion euros from the European Union pandemic recovery fund. These reforms aim to boost transparency and empower the Integrity Authority as Prime Minister Peter Magyar pursues a pro-EU pivot.
Hungary will submit anti-corruption legislation next week to unlock 16.4 billion euros ($19.1 billion) in suspended European Union funding. This follows Prime Minister Peter Magyar’s April election victory and a pledge to reverse reforms deemed harmful to democracy. These funds are intended to support transport projects and the government's goal of adopting the euro by 2030.
### Unlocking Billions for Infrastructure and Energy The proposed bill aims to meet rule-of-law criteria required by the EU to release pandemic recovery and cohesion funds. Transport and Investment Minister David Vitezy said on Friday that the legislation will allow Hungary to access 10 billion euros for transport and renewable energy projects. These funds will also support small businesses and rental housing construction.
