The European Commission proposed on Wednesday to unlock €4.2 billion in EU cohesion funds for Hungary, which had been frozen since 2022 over rule-of-law concerns. The move follows reforms by Prime Minister Péter Magyar's government, which took office after an April election victory. The Commission also restored Hungary's access to Erasmus+ and Horizon Europe programmes. The proposal now needs approval from the Council of the EU. Hungary still seeks €10 billion in recovery funds and faces €2 billion in blocked cohesion funds over other issues.
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