EU to release frozen funds for Hungary following reforms

The European Union will release 16.4 billion euros ($19 billion) in funds for Hungary, a significant achievement for newly elected Prime Minister Peter Magyar. The funds were previously frozen under Viktor Orban’s administration due to concerns over democratic principles and corruption. Ursula von der Leyen, President of the European Commission, emphasized that this financial support will aid in Hungary’s recovery and reform efforts, benefiting public services and the economy.

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