EU denies Hungary €1 billion in funds due to corruption concerns, marking a first in EU history.

The European Union has denied Hungary access to €1 billion in funds due to alleged corruption and lack of transparency, marking the first time such a move has been made. Despite some reforms, €19 billion remain frozen. Hungary's Prime Minister Viktor Orban is fighting the decision, accusing the EU of political motives. The move follows the EU's "conditionality" proceedings initiated in 2022, targeting Hungary for public procurement issues.

January 01, 2025
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