Latest Recovery and Resilience Plan News & Updates

Brussels, May 29 (IANS) Hungarian Prime Minister Peter Magyar announced on Friday that Hungary had reached a political agreement with the European Union on the release of 16.4 billion euros (19.1 billion US dollars) in previously frozen European Union (EU) funds. The agreement was reached following talks with European Commission President Ursula von der Leyen in Brussels and would unlock approximately 6,000 billion forints in EU resources, equivalent to about 13 percent of Hungary’s gross domest…