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Reuters

Business

By Gabriela Baczynska

EU says Hungary made 'significant step' to get recovery funds - source

Hungary Viktor Orban European Union Budapest Economic Stimulus European Commission

FILE PHOTO: Hungarian Prime Minister Viktor Orban attends the autumn session of parliament in Budapest, Hungary, September 26, 2022. REUTERS/Bernadett Szabo/File Photo

Hungary made a "significant step" towards securing billions in economic stimulus funds by accepting European Union demands on the independence of the judiciary, an official with the bloc told Reuters on Friday.

That bodes well for finalising negotiations between Prime Minister Viktor Orban's government and the Brussels-based European Commission on some 6 billion euros in economic aid envisaged for Budapest but frozen over rule of law disputes.

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