EU Set to Approve as Much as €1 Billion of Funds for Hungary

11/23/2023 16:37
EU Set to Approve as Much as €1 Billion of Funds for Hungary

The European Union is finalizing a decision to release as much as €1 billion ($1.1 billion) in EU funds for Hungary just as Prime Minister Viktor Orban is stepping up his attacks against the bloc and threatens to derail aid to Ukraine.

The European Union is finalizing a decision to release as much as €1 billion ($1.1 billion) in EU funds for Hungary just as Prime Minister Viktor Orban is stepping up his attacks against the bloc and threatens to derail aid to Ukraine.

The European Commission, the EU’s executive arm, is concluding its assessment of Budapest’s amended post-pandemic recovery plan to address the energy crunch triggered by Russia’s invasion of Ukraine, according to people familiar with the matter.

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