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Hungary tries to unlock funds frozen amid EU disciplinary process

Viktor Orbán has sent a top official to Brussels in effort to obtain Covid recovery funds worth billions of euros as deadline nears

Hungary hopes to strike a deal with Brussels on blocked EU funds by the end of the year, as it races against the clock to unlock billions that have been frozen over concerns about state-captured institutions and corruption.

If Budapest fails to reach an agreement with the European commission by the end of 2022, it stands to lose €4.64bn (£3.91bn) in Covid recovery funds, while questions remain over a potential €24.3bn six-year funding programme to upgrade its national infrastructure.

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Read the original article at The Guardian

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