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EU Unfreezes €16.4 Billion in Funds for Hungary as Von der Leyen Confirms Thaw on May 29

GateNews

2026-05-30 15:29:59

According to Jin10, on May 29, the European Commission unfroze €16.4 billion in EU funds for Hungary, comprising €10 billion from the Next Generation EU recovery plan, €4.2 billion in cohesion funds, and €2.2 billion released following Hungary's progress on higher education autonomy. European Commission President Ursula von der Leyen announced the decision after talks with Hungarian Prime Minister Viktor Orbán. The funds represent approximately 13% of Hungary's annual government budget and follow Hungary's commitment to address corruption and rule-of-law concerns, including joining the European Public Prosecutor's Office and strengthening anti-corruption institutions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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