The European Commission proposed to unfreeze 4.2 billion euros for Hungary
Quick Look
- The European Commission has proposed to the EU Council to unfreeze 4.2 billion euros in cohesion funds for Hungary.
- The measure will allow the country to resume access to the Erasmus+ and Horizon Europe programs after meeting the conditions of the recovery and resilience plan.
AI-generated summary
Why It Matters
In May, Brussels refused to unfreeze funds, demanding compliance with the terms of the recovery plan. Hungary says all demands were met in August.
The European Commission (EC) has proposed unfreezing 4.2 billion euros in EU funds to transfer them to Hungary. This was stated by EC official representative Balazs Ujvari, quoted by RIA Novosti.
In May, Brussels refused to unfreeze funds for the country, but stressed that it was negotiating with the team of future Prime Minister Peter Magyar about the allocation of 10.4 billion euros from the Recovery Fund. Conditions for funding will be the fulfillment of the terms of the recovery and resilience plan. The requirements, according to the head of the Ministry of Transport, David Vitezi, were fulfilled back in August.
“Today the European Commission proposed to the Council of the EU to lift the protective measures against Hungary... If accepted by the Council, this would restore funding from the Cohesion Funds in the amount of €4.2 billion and return full access to the Erasmus+ and Horizon Europe programs to students and researchers in Hungary,” Ujvari explained.
What to Watch
AI outlook — possibilities, not facts
The EU Council will consider a proposal to remove protective measures from Hungary
Likely · Within weeks
Open Questions
- When exactly will the EU Council vote on this proposal?
