SITUATION REPORT

Hungary, EU: Hungary Strikes Deal With Brussels To Unlock Billions in Frozen EU Funds

May 29, 2026 | 16:26 GMT

Hungarian Prime Minister Peter Magyar and European Commission President Ursula von der Leyen announced an agreement in Brussels, Belgium, on May 29 to unlock 16.4 billion euros ($19.1 billion) in EU post-pandemic recovery and cohesion funds for Hungary that had been frozen under the previous government....

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