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Hungary Moves Closer to €16.4bn in EU Funds

Hungarian Prime Minister Péter Magyar secured a political agreement with Ursula von der Leyen.

Hungary and the EU agreed on reforms needed to access frozen funds

Up to €16.4 billion could be unlocked if conditions are met

Hungary must complete the agreed commitments by 31 August

Some EU funds remain permanently lost or frozen over rule-of-law, migration, and LGBTQ-related concerns

Magyar insisted that negotiations were not connected to Ukraine’s membership bid

Source: Politico, Euractiv

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