Event Brief
Hungary unlocks €16.4bn in EU funds after deal
Filed: May 29, 2026 at 10:04 AM ET
Summary: Péter Magyar reached an agreement with the European Commission to unblock nearly all frozen EU recovery and cohesion funds.
WHO: Péter Magyar and the European Commission
WHAT: Agreement to unblock nearly all frozen EU recovery and cohesion funds
WHEN: May 29, 2026 at 9:22 AM ET
WHERE: European Union
WHY: The European Commission deal with Péter Magyar enabled the unfreezing of nearly all recovery and cohesion funds that had been frozen under Viktor Orbán.
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