The European Union can unlock previously frozen funds for member states when they implement governance reforms, as demonstrated by Hungary's €16.4 billion funding deal following progress on anti-corruption measures and academic freedom reforms.
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Peter Magyar And Von Der Leyen Announce €16.4 Billion EU Funds Deal For Hungary | APTAñadido:
Good afternoon and welcome to I'm very happy to announce today that we can unlock 10 billion euros for Hungary.
>> Thank you. Now, before taking >> With the progress on the super milestones, we have also been able to unlock the conditionality related cohesion funds worth 4.2 billion euros.
>> After this press points, you'll be able to ask all your technical questions to our >> We have also made great progress on the protection of fundamental rights in Hungary.
Notably on academic freedom.
Hungary will gradually phase out public interest trust, the pits, and pass legislation to address concerns about conflict of interest and integrity rules. This is a big step forward, long awaited, the academic freedom, and therefore this will unlock another 2.2 billion euros of cohesion funds for Hungary.
>> Uh thank you. Vitaly Sizov, Freedom TV channel.
You know, we just started the negotiations five weeks ago.
And now we are here just after three weeks the new Hungarian government was formed and we have achieved already a historic breakthrough, an agreement really really important for the Hungarian people for my beloved country, Hungary.
Many thanks. We are very grateful and we are ready to continuing cooperating together in the interest of the Hungarian people and all the European citizens.
>> Sándor.
Your government is moving with speed and determination to deliver on the promises you have made to the Hungarian people.
To kick-start the economic recovery, to fight corruption, and to restore the rule of law.
And in very short time, we already have concrete progress to share.
These are strong signals that Hungary is turning the page.
In only a few weeks, you have driven forward long overdue reforms, reforms for the benefit of Hungary and reforms for the benefit of the European Union.
Yeah.
>> We have reached an agreement with Madam President. We have reached an agreement with the European Commission on all the issues mentioned there, which make it possible for the Hungarian people to gain access to the funds to which they are entitled.
On April 12th, as Madam President also mentioned, the Hungarian people gave an unprecedented political mandate to the new Hungarian government, the Tisza government. They also gave a mandate, among other things, to bring this money home and finally restart the Hungarian economy, an economy that has been unable to grow for years, for 4 years, an economy where Europe's highest inflation was recorded, and where every day we are struggling to prevent public services from collapsing.
>> Thank you very much.
>> And thank you Prime Minister, President, and as said, we
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