EU to Unlock €16.4 Billion in Frozen Funds for Hungary Following Reforms

European Commission President Ursula von der Leyen confirmed that the EU will unlock €16.4 billion of previously frozen recovery and cohesion funds for Hungary following successful policy reforms under the country’s new government. The financial package includes €10 billion from the Next Generation EU recovery fund, €4.2 billion in cohesion funds, and an additional €2.2 billion tied to the completion of academic freedom benchmarks.