Hungary’s progress in reforms under its new government will allow the European Commission to unlock €16.4 billion of previously frozen EU recovery and cohesion funds for the country, European Commission head Ursula von der Leyen said.
Von der Leyen told reporters after meeting Hungary’s Prime Minister Peter Magyar that the EU would unlock €10 billion ($11.6 billion) from the recovery fund, called Next Generation EU, and €4.2 billion in cohesion
