a few seconds agoEU unblocks more than 16 billion euros for Hungary after new government reforms
Periskopi(a month ago)
(a month ago)The European Union has decided to unblock funds worth an estimated 16.4 billion euros for Hungary, following reforms undertaken by Prime Minister Peter Magyar's new government in the area of rule of law, fighting corruption and strengthening democratic institutions.
The decision was announced in Brussels on Friday by European Commission President Ursula von der Leyeen, who confirmed that Hungary has met a significant part of conditions set by the European Union for the release of frozen funds for years, reports BBCKlankosova broadcast.tv.
According to her, 10 billion euros have been unblocked by the European Regeneration Fund, while another 4.2 billion euros will come from cohesion funds.
Similarly, the European Commission has outlined significant progress in terms of an additional 2.2 billion euros related to ensuring academic freedoms and the autonomy of educational institutions.
A powerful framework has been created providing for addressing issues related to corruption, transparency and rule of law”, Von der Leyen said during the presentation of the decision.
Funds for Hungary were blocked in recent years due to concerns raised by Brussels over former Prime Minister Viktor Orban's government.
European institutions had repeatedly criticised Budapest for failing to independence of the judiciary, institutional transparency and the fight against corruption.
According to international media, the agreement reached between Brussels and Budapest is seen as a turning point in relations between the European Union and Hungary, after 16 years of Viktor Orban's rule.
