Hungarian Prime Minister Péter Magyar sealed an agreement on Friday with European Commission President Ursula von der Leyen to unblock nearly all recovery and cohesion funds earmarked for Hungary, allowing the government to access the full €16.4bn that had been frozen under the previous administration.
Praising Magyar for forming a government "in record time" and advancing what she described as “long-overdue reforms” within just a few weeks, von der Leyen said €10bn would be released from the bloc’s post-pandemic Recovery and Resilience Facility.
