Hungary secures €16.4 billion EU funds under new Brussels agreement

Prime Minister Peter Magyar said in Brussels that Hungary will have access to €16.4 billion of EU money from the cohesion, agricultural and recovery programmes, pending the fulfilment of conditions by the end of August. The deal, described by Magyar as a joint success of Hungary and EU institutions, covers €21.7 billion in cohesion funds, €8.4 billion in agricultural support and €10.4 billion from the Recovery Fund (including €6.5 billion in grants and €3.9 billion in cheap loans). A further €16.2 billion in defence‑related SAFE loans is also available.

According to the analysis, about 92 % of the total cohesion, agricultural and recovery resources are already either guaranteed or conditionally accessible. The only portion that appears lost is a €0.4 billion slice of the Recovery Fund loan component, which was not included in the political agreement and must be drawn by 31 August. If the SAFE loan is excluded, roughly two‑thirds of the overall EU financing package is currently usable.

Magyar stressed that the Hungarian government will add an extra €6.4 billion from cohesion sources if the remaining criteria are met, including €2.2 billion for university and innovation projects and €4.2 billion for rail and environmental upgrades.