The European Union's executive is on track to unblocking billions of euros in funds for Hungary this year after Prime Minister Viktor Orban bowed to pressure from the bloc over democratic checks and balances, EU sources said.
At stake is up to 14.7 billion euros ($15.3 billion), or nearly 10% of Hungary's estimated 2022 GDP, with any approval conditional on Orban continuing to improve the independence of the judiciary and anti-corruption safeguards, the sources said.
