The European Commission has put forth a proposal to release €4.2 billion in previously frozen cohesion funds to Hungary. This move also includes restoring full access for Hungarian students and researchers to the Erasmus+ and Horizon Europe programs. The decision comes as a response to Hungary’s efforts to address the European Union’s rule-of-law concerns, which have impacted the EU budget.
The Commission noted that Hungary has made strides in implementing reforms aimed at improving areas such as public procurement, anti-corruption measures, conflicts of interest, and the effectiveness of prosecutorial actions. These reforms are seen as crucial steps in aligning with the EU’s standards and addressing the concerns that led to the freezing of funds.
However, the proposal is not yet finalized and must receive approval from the Council of the European Union. The Council has a one-month window to decide whether to lift the measures that were imposed back in 2022. Until the Council makes a decision, the current funding restrictions will remain in effect.
It is important to note that the €4.2 billion mentioned represents only a portion of the EU funds that are still restricted for Hungary. Other cohesion funds remain blocked under different conditions, and Hungary’s access to recovery funds is undergoing a separate evaluation process.