EU Set to Approve as Much as €1 Billion of Funds for Hungary
- Commission’s decision will require sign off from EU ministers
- Payment to come amid Orban’s renewed attacks against the bloc
Viktor Orban
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
The European Union is finalizing a decision to release as much as €1 billion ($1.1 billion) in EU funds for Hungary just as Prime Minister Viktor Orban is stepping up his attacks against the bloc and threatens to derail aid to Ukraine.
The European Commission, the EU’s executive arm, is concluding its assessment of Budapest’s amended post-pandemic recovery plan to address the energy crunch triggered by Russia’s invasion of Ukraine, according to people familiar with the matter.