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Hungary Misses Judicial Overhaul Target, Delaying EU Payout

  • Budapest set a Friday deadline to overhaul its judiciary
  • The country is waiting on €28 billion of funds from the EU
Viktor Orban
Viktor OrbanPhotographer: Valeria Mongelli/Bloomberg
Updated on

Hungary is poised to miss a self-imposed Friday deadline to overhaul its judiciary as required by the European Union, further delaying the flow of €28 billion ($31 billion) of EU funds.

Prime Minister Viktor Orban’s government in November pledged to meet EU demands to bolster judicial independence by March 31, which it said at the time would allow it start receiving fresh money from the bloc by the second quarter.