Hungary Sets to Unlock EU Money After Talks with Brussels

A new Hungarian leader announced that he would finalize an agreement with the European Commission to release large sums of EU funds that had been blocked under the previous administration. The Prime Minister flew to Brussels on Thursday to discuss how to lift restrictions tied to rule‑of‑law concerns and corruption safeguards. He scheduled a meeting with the Commission President for 1 p. m. , where both sides would sign a deal to free several billions of forints earmarked for Hungary. Earlier statements suggested the talks were close to a conclusion, with most issues settled but some points on corruption still pending.The country needs the money urgently: it must receive €6. 5 billion in grants and €3. 9 billion in low‑interest loans before the August 31 deadline, while an additional €7 billion of structural funds remains on hold. These funds are essential to stimulate a stagnant economy that has stalled for three years and to ease pressure on the national budget. The new government faces criticism for its handling of EU finances, but securing these payments could help restore investor confidence and improve public services. The outcome of the meeting will determine whether Hungary can move forward with its recovery plans and meet European expectations.