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Budapest Secures Deal to Unlock €10.4 bn EU Funds

5/28/2026

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Summary

Story summary

Budapest secured a political agreement that could unlock €10.4 billion of EU pandemic-recovery funds.
Hungary’s new centrist government must meet reform criteria, negotiate with the European Commission, and submit a formal request by Aug. 31 to release the frozen money.
The leader met Commission President Ursula von der Leyen in April and will meet NATO Secretary-General Mark Rutte and Belgian Prime Minister Bart De Wever in Brussels on Thursday.

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Story summary

Budapest secured a political agreement that could unlock €10.4 billion of EU pandemic-recovery funds.
Hungary’s new centrist government must meet reform criteria, negotiate with the European Commission, and submit a formal request by Aug. 31 to release the frozen money.
The leader met Commission President Ursula von der Leyen in April and will meet NATO Secretary-General Mark Rutte and Belgian Prime Minister Bart De Wever in Brussels on Thursday.