Live Updates > Live Update Details
2026-05-29 23:31:40
[EU to Unfreeze €16.4 Billion in EU Funds for Hungary] European Commission President Ursula von der Leyen announced on the 29th that the EU will unfreeze €16.4 billion in EU funds belonging to Hungary. Speaking at a joint press conference following talks with Hungarian Prime Minister Péter Majol, von der Leyen said the €16.4 billion includes €10 billion from the "Next Generation EU" program, €4.2 billion related to the conditions of the cohesion fund, and €2.2 billion released due to progress made by Hungary in university autonomy. Von der Leyen said the new Hungarian government and the European Commission have reached an agreement on addressing corruption and the rule of law. Hungary has decided to join the European Prosecutor's Office to ensure the security of EU funds and has agreed to strengthen the powers of anti-corruption agencies and revise public procurement laws. Majol stated that this funding, equivalent to approximately 13% of the Hungarian government's annual budget, will be used to support SMEs, transportation, healthcare, education, energy infrastructure, and digital technology development. (Xinhua)
