Magyar Unlocks EU Funds, Aims for Economic Relief
About this episode
Péter Magyar, Hungarys new prime minister, is making a strong push for EU funds following his election victory. He aims to unlock billions in frozen funds, focusing on the Covid recovery pot and cohesion funds, to stimulate Hungarys stagnant economy. With a super-majority in parliament, he plans to implement reforms, improve relations with Ukraine, and restore Hungarys standing in Europe.
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Global News Today | 2 Min News | The Daily News Now! — Magyar Unlocks EU Funds, Aims for Economic Relief. Machine-transcribed; use the interactive transcript above to jump the player to any line.
It's April 29th. This is Global News Today, AI-powered stories from around the world. Hungary's Prime Minister elect Peter Magyar just wrapped up his first big meeting with EU leaders and Brussels after his TISA party crushed Victor. Orban's long reign in the April 12 election. He's already pushing hard to unlock billions in frozen EU funds, calling his talks with Commission President Ursula von der Lien extremely. Instructive and straight up saying, those resources will hit Hungary soon. These funds got stuck under Orban due to worries over corruption and weakening courts, leaving Hungary's economy in a rut with barely any growth for three years straight. Magyar vows to fix that quick, eyeing 10.4 billion euros from the COVID recovery pod before it expires, uh, end of August plus 6.3 billion more in cohesion funds and even cheap defense loans. With his supermajority in parliament, he's set to steam rover forms, reset ties with
Ukraine and get Hungary back in Europe's good graces for real. Economic relief ahead.
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