Updated
Updated · Bloomberg · May 29
Hungary Nears EU Deal to Unlock Billions of Euros in Frozen Funds
Updated
Updated · Bloomberg · May 29

Hungary Nears EU Deal to Unlock Billions of Euros in Frozen Funds

12 articles · Updated · Bloomberg · May 29
  • Peter Magyar said Hungary expected to strike an agreement with the European Union later Friday that would release billions of euros in frozen funding.
  • A 1 p.m. Brussels meeting with European Commission President Ursula von der Leyen was set to finalize the deal after a second day of talks.
  • The funding would offer needed relief to Hungary's stretched budget, making the outcome financially significant beyond the immediate negotiations.
With its economy in 'stable stagnation,' will billions in EU funds be a lifeline or just a temporary fix for Hungary?
After years of defiance, can Hungary's new leader convince Brussels his anti-corruption promises are for real?