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EU to unblock 16.4B euros for Hungary
The European Union announced its readiness to release €16.4 billion of frozen funds to Hungary, on the condition that the government continues to implement necessary reforms. Ursula von der Leyen stated that this promise reflects progress in returning to the values of the Union, indicating an opportunity for Hungary to receive €10 billion from the COVID-19 Recovery Fund and €6.4 billion from regional financing programs, provided the pending reforms are carried out. Hungary's Prime Minister, Péter Márki-Zay, described this announcement as a major victory for his country.
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