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EU releases over 16 billion euros for Hungary, after Orban's removal from power

2026-05-29 19:16:41Kosova&Bota SHKRUAR NGA REDAKSIA VOX

EU releases over 16 billion euros for Hungary, after Orban's removal from

The European Union will unblock more than 16 billion euros for Hungary, funds that had been frozen during Viktor Orbán's government.

The decision comes just a few weeks after Péter Magyar's victory in the parliamentary elections and the first signals of political change in the country.

European Commission President Ursula von der Leyen stated that "winds of change" are being felt in Hungary, praising the reforms undertaken by the new government.

The funds will be used for housing, transport, energy, support for small and medium-sized businesses, as well as social programs under the EU's cohesion funds.

The new Hungarian Prime Minister, Péter Magyar, described the decision as a "historic moment", while saying that Budapest will fulfill all the conditions required by Brussels for the full unblocking of the funds.

About 2.2 billion euros of the total amount are conditional on the restoration of "academic freedom" in Hungarian universities.

The EU decision comes as Hungarian police have announced they will allow the Pride parade to take place in Budapest on June 27, reversing the previous policy of Orbán's government.

Last year, Orbán’s right-wing government passed a law creating the legal basis for banning Pride events, under the argument of “child protection.” The law was widely criticized by European institutions and human rights organizations.

However, since Magyar came to power, Hungarian authorities have signaled a more liberal approach to civil rights and freedom of assembly.

Budapest Pride organizers said they expect this year's march to take place without obstacles, especially after the EU's Supreme Court ruling that deemed Hungary's anti-LGBTQ+ law discriminatory and contrary to union rules.

Hungarian police confirmed that they had found no reason to stop the march, while announcing that some counter-protests would be allowed, but away from the parade route.

Last year's parade became a symbol of opposition to Orbán's government, gathering around 200,000 participants according to organizers, despite warnings from authorities about fines and the use of facial recognition technology on participants.


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