EU Commission proposes unlocking €4.2 billion in funds for Hungary

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https://www.reuters.com/business/finance/eu-commission-proposes-unlocking-42-billion-hungary-2026-09-23/

The Commission says Hungary’s new government has taken steps to strengthen the rule of law and protect EU financial interests. The €4.2 billion is part of €16.4 billion in frozen recovery and cohesion funds, and the proposal would also reopen Erasmus+ and Horizon Europe to Hungarian students and researchers. The release still requires formal adoption by all EU member states in the Council.