Hungary set to receive first EU cohesion funds since 2023
The European Union is preparing to unlock an initial tranche of €4.2 billion in recognition of reforms undertaken by Peter Magyar's government to restore the rule of law.
The European Union says it is ready to release a first tranche of €4.2 billion in aid to Hungary, as part of the European cohesion funds, according to information reported by Le Monde.
The release would mark a turning point, as Hungary has not received this type of funding since 2023, when Brussels suspended some of the funds due to rule of law concerns in the country.
Committed reforms
According to the information reported, this gesture by the EU comes in recognition of the reforms undertaken by Peter Magyar's government, aimed at restoring the rule of law in Hungary. These reforms seem to have made it possible to meet, at least in part, the requirements set by the European Commission for the release of funds.
The issue of respect for the rule of law in Hungary has been a source of recurrent tensions between Budapest and the European institutions in recent years, with several billion euros in structural funds having been frozen in this context.
The disbursement of this first tranche could pave the way for a wider release of the funds still suspended, provided that the reforms undertaken continue and are deemed satisfactory by the European authorities.
Sources
- La Hongrie en passe de toucher ses premiers fonds européens de cohésion depuis 2023 — Le Monde — Une
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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