EU Executive Approves $1 Billion In Funds For Hungary

The European Union executive on November 23 approved Hungary's revised economic recovery plan, paving the way to pay out 900 million euros ($1 billion) to Budapest as the bloc seeks to overcome Prime Minister Viktor Orban's veto on more aid to Ukraine. The EU's Brussels-based executive, the European Commission, froze Hungary out of the bloc's post-pandemic economic stimulus due to concerns over corruption and backpedaling on democratic checks and balances under Orban.