Hungary on track to unlock 10 billion euros in EU funds by August

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Hungary is on track to unlock €10 billion in EU Recovery and Resilience Facility funds by the end of August 2026 after fulfilling key criteria regarding anti-corruption, judicial independence, and transparency. The government, led by Prime Minister Péter Magyar who took office in April 2026, fast-tracked legislative reforms including tougher asset-declaration rules and the creation of a new anti-corruption body to meet 27 'super milestones' set by the European Commission. These reforms, which also addressed the status of state asset-management foundations, were required to unfreeze funds that had been suspended during the preceding 16-year administration of Viktor Orbán. Successful completion of these requirements enables the potential disbursement of the recovery funds later this year, alongside an additional €6.4 billion in Cohesion Funds.

Consequences

Upon meeting the August deadline, the European Commission is expected to conduct an assessment in September, which would clear the path for a formal payment request. The influx of these funds will allow the current government to finance infrastructure projects, including the modernization of the national energy grid, railways, and rental housing stock.

Sources

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