Hungary’s revised national recovery plan has received a positive recommendation from the European Commission, according to Prime Minister Peter Magyar. This approval signals a potential release of EU funds previously withheld due to concerns over rule of law issues. Magyar stated Hungary will actively pursue securing all allocated funds during upcoming budget negotiations. He specifically pledged to ensure Hungary receives “a single euro cent” from the EU. The announcement was made following discussions in Brussels, indicating a shift in the relationship between Hungary and the EU regarding financial support. Further details regarding the plan and the timeline for fund disbursement are expected to be released soon. This development marks a significant moment for Hungary’s economic outlook.
