Brussels releases €16.4B in EU funds to Hungary after Magyar deal
Brussels and Hungary reached an agreement to unblock €16.4 billion of frozen EU funds, with €10 billion from the Recovery and Resilience Facility and €4.2 billion plus €2.2 billion from cohesion funds, contingent on Hungary meeting 27 'super-milestones' tied to rule-of-law and governance reforms. The money will fund transport infrastructure, healthcare, SMEs, education and energy-grid upgrades, and Erasmus+ will be available for students. Hungary’s unfreezing follows PM Péter Magyar’s victory and is not linked to Ukraine talks, though it requires guarantees on minority rights; failure to meet milestones could jeopardize parts of the funding.
