EU moves to unlock €16.4 billion for Hungary (opens in new tab)

European Commission President Ursula von der Leyen said in Brussels on Friday that the European Union was ready to unlock €16.4 billion in frozen funding for Hungary after talks with Prime Minister Péter Magyar, who took office after defeating Viktor Orbán in an April election. The package includes €10 billion from the EU recovery fund, €4.2 billion in cohesion funds and a further €2.2 billion tied to additional steps, including academic freedom. The EU withheld the money during Orbán’s tenur...