EU proposes releasing 4.2 billion euros to Hungary

The European Union's proposal to release 4.2 billion euros of Hungarian funds comes as part of efforts to lift the freeze on 16.4 billion euros of recovery and cohesion funds. This follows significant steps taken by the Hungarian government to strengthen the rule of law and safeguard the EU's financial interests. The proposal requires the approval of all member states before implementation and is part of a resolution to the disagreements between Brussels and Budapest regarding necessary reforms. The release of the funding is contingent upon the implementation of these reforms and the protection of the EU budget. Additionally, the European Commission announced the reopening of the "Erasmus+" and "Horizon Europe" programs to Hungarian participants.

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