EU to release first cohesion funds to Hungary since 2023 after reforms

The European Union is set to disburse €4.2 billion in cohesion funds to Hungary, marking the first such payment since 2023, following reforms by Peter Magyar's government to restore rule of law. This signals a thaw in EU-Hungary relations, though the full release of funds remains conditional on continued compliance. The move could strengthen Magyar's position domestically and reshape Hungary's stance within the EU.