European Commission Proposes Lifting Safeguard Measures Against Hungary Imposed Since 2022
Brussels plans to release €4.2 billion in frozen European funding for Budapest following corruption allegations.
The European Commission announced its intention to propose lifting the safeguard measures that the European Union imposed on Hungary since 2022, a move that could pave the way for the release of billions of euros in frozen funding.
According to available information, the Commission plans to release approximately €4.2 billion (roughly $4.8 billion) in European Union funds allocated to Budapest, which had previously been frozen following allegations of corruption during the tenure of former Prime Minister Viktor Orbán.
No additional details have been provided regarding the timeline for this step or its accompanying conditions, with the proposal expected to undergo review by European Union institutions before it takes effect.
Sources
- المفوضية الأوروبية تقترح رفع إجراءات 2022 الوقائية عن المجر — Sky News Arabia — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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