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EU to release billions in frozen funds for Hungary amid Magyar reforms
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EU to release billions in frozen funds for Hungary amid Magyar reforms

Al Jazeera – Breaking News, World News and Video from Al Jazeera·EU to release billions in frozen funds for Hungary amid Magyar reforms·3 days ago
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PM Peter Magyar called ​the agreement to unlock funds frozen under former leader Orban a ‘historic’ breakthrough. The European Union has announced it will unlock 16.4 billion euros ($19bn) for Hungary in a major win for the newly elected Prime Minister, Peter Magyar . The President of the European Commission, Ursula von der Leyen, said on Friday that the bloc was ready to release the funds that were frozen when Viktor Orban was in power. Recommended Stories list of 3 items list 1 of 3 Hungary’s Magyar urges president to quit, vows to overhaul state media list 2 of 3 Can Hungary wean itself off Russian energy, as its new leader has promised? list 3 of 3 Bulgaria election: Ex-President Radev secures landslide victory end of list Under Orban’s rule, the EU froze about 18 billion euros ($21bn) in funds earmarked for Budapest due to democratic backsliding, corruption and the treatment of LGBTQ issues.…

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