politics

EU Releases €16 Billion in Frozen Funds for Hungary Amid Reforms

29 Mayıs 2026France 24

The European Union has announced the release of over €16 billion in frozen funds for Hungary, following the election of Prime Minister Peter Magyar. Ursula von der Leyen, the EU chief, commended Magyar for implementing necessary reforms that had been overdue during Viktor Orban's leadership.
This decision marks a significant shift in the EU's approach towards Hungary, which had faced criticism for corruption and democratic issues under Orban.
Hungary has been under scrutiny from the EU for years due to concerns over the erosion of democratic norms and rampant corruption during Orban's tenure. The release of funds is seen as both a reward for Magyar's reform agenda and a test of Hungary's commitment to EU values moving forward.
The unlocking of funds signifies a potential thaw in EU-Hungary relations, reflecting a broader strategy to encourage democratic governance in member states. Magyar's reforms may not only stabilize Hungary's economy but also restore its standing within the EU, suggesting a possible shift in the political landscape o…

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