European Commission proposes releasing €4.2 billion in cohesion funds for Hungary
The European Commission proposed unlocking €4.2 billion in cohesion funds for Hungary after citing rule-of-law measures by its new government.
Brussels, Belgium. The European Commission said on Wednesday it had proposed unlocking €4.2 billion in cohesion funds for Hungary, citing steps taken by the country’s new government to strengthen the rule of law.
The proposal forms part of €16.4 billion in frozen EU recovery and cohesion funds that the bloc said in May it would unblock as Hungary implemented reforms.
Funding proposal
The Commission said Hungary had taken important steps to strengthen the rule of law and protect the European Union’s financial interests.
“Hungary has taken important steps to strengthen the rule of law and protect the Union’s financial interests,” Commission President Ursula von der Leyen said in a statement.
Education and research programmes
The Commission also said it would reopen the Erasmus+ and Horizon Europe programmes to Hungarian students and researchers.
Next steps
The proposal requires formal adoption by all EU member states in the EU Council.
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