Magyar Files 110-Page Bill to Unlock EU Funds Frozen Under Orban
Updated
Updated · Bloomberg · Jun 9
Magyar Files 110-Page Bill to Unlock EU Funds Frozen Under Orban
3 articles · Updated · Bloomberg · Jun 9
Summary
Hungary’s government late Tuesday submitted a 110-page bill aimed at releasing EU money withheld over corruption and rule-of-law concerns during Viktor Orban’s tenure.
The package would tighten politicians’ asset-declaration rules, expand the anti-corruption Integrity Authority’s powers, and increase competition and transparency in public procurement.
It also seeks to unwind so-called public trusts, a structure that had drawn scrutiny as Brussels blocked funds from Budapest.
The filing marks Prime Minister Peter Magyar’s latest effort to reset Hungary’s relationship with the EU by addressing governance failings tied to the previous administration.