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EU funds

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EU Considers Unlocking Billions for Hungary amid Broader Negotiations

Oct 6, 2023

In a strategic move to secure Hungary's support for increased financial assistance to Ukraine and the initiation of membership talks for Kyiv, the European Union is contemplating the release of frozen funds worth billions of euros, sources within the EU have revealed. The European Commission is currently preparing to unfreeze substantial EU funds allocated to […]

Hungary Passes Judicial Reform to Unlock Frozen EU Funds

May 5, 2023

Hungarian lawmakers adopted changes to the country’s judiciary in the hope of gaining access to billions of euros in EU funds. While Brussels welcomed the reform steps, it indicated Hungary needed further reforms to unlock EU cash. Hungarian lawmakers passed measured related to the reform of the judiciary this week in the hopes of unlocking […]

Hungary May Face Further Delay in EU Fund Payments as Tug-of-War Continues

Mar 31, 2023

The Hungarian government initially pledged to complete the most important tasks needed to release the funds withheld by the European Union by March 31, this ultimately failed. Brussels is seeking clarification on several issues related to the judicial reform and Hungary has yet to tackle the conflict of interest rules in the Erasmus case. If […]

Hungary inks deal with EU to lower fund freeze

Dec 16, 2022

Hungary struck a mega deal with the European Union this week to reduce the amount of funds the bloc proposed to freeze. In return, the Hungarian government lifted its veto on the financial aid package for Ukraine. Monday night brought a temporary resolution to Hungary’s biggest standoff with the European Union. Member states approved Hungary’s […]

European Commission Proposes to Cut Funds to Hungary

Sep 18, 2022

The European Commission, the quasi-government of the European Union, calls for an estimated EUR 7.5 billion in EU funding to be withheld from Hungary over corruption concerns that the Hungarian government failed to dispel. Referring to EC President Ursula von der Leyen's State of the Union address earlier this week, EC Commissioner Johannes Hahn, in […]

Hungary Receives Extra Funding in EU Cohesion Policy

Aug 14, 2021

The European Commission has approved the modification of six Operational Programmes (OP) for the European Regional Development Fund (ERDF) and the European Social Fund (ESF) in Spain, Bulgaria, Italy, Hungary and Germany under REACT-EU for a total of EUR 2.4 billion. As for Hungary, the statement says the Economic Development and Innovation Operational Programme (EDIOP) […]

Hungary Submits Plan for Using EU Recovery Funds

May 14, 2021

Hungary’s government submitted plans to Brussels on how the country would utilize more than 2,500 billion forints (EUR 7bn) distributed from the bloc’s recovery and resilience fund (RRF). The money can be spent on strategic development projects over the next six years. Earlier, the Cabinet indicated it would not make use of the EU’s credit […]

EU money | B.Stefanov/

EU suspends over EUR two bn funds for Hungary

Apr 16, 2015

The European Commission has suspended the payment of funding in three priorities of Hungarian development programmes totalling about EUR 2.3 billion. Hungarian officials say a correction of up to 10% can be expected, adding that this amount will not necessarily be lost.

The construction of the M4 motorway in Hungary | János Bugány / MTI

Motorway construction suspended in Hungary

Apr 1, 2015

Hungarian government ministers have ordered an immediate halt to construction of the section of the M4 motorway between Abony and Fegyvernek in Eastern Hungary as they claim the European Commission had raised concerns over suspected cartel activity.


Hungarian SMEs among new EU fund recipients

Jul 29, 2014

The European Commission announced the first results of its new EUR 3 billion SME Instrument program, launched under Horizon 2020 to help innovative small firms get ideas from the lab to the market. The first winners include three Hungarian firms.

EU money |

EU puts on hold paying new bills to Hungary

Apr 28, 2014

The European Commission is not suspending the payment of development funds for Hungary, but for now, Brussels will only pay the bills submitted by 15 April until every question about the country’s new tendering system is clarified.

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