00:03Hungary is allowed to rejoin the Erasmus Plus student exchange program and the Horizon Europe research initiative.
00:09It follows the decision of the Council of the EU to bring to an end the conditionality mechanism imposed on
00:16Budapest to address corruption risks in the country.
00:19The EU has also decided to unfreeze 4.2 billion euros in funding to Hungary.
00:24A new chapter starts today for Hungary and for Europe, European Commission President Ursula von der Leyen posted on social
00:32media.
00:33The bloc had introduced the conditionality mechanism for Hungary in 2022 under former Prime Minister Viktor Orban, making access to
00:41EU funds dependent on respect for the rule of law.
00:44New Prime Minister Peter Magyar has adopted several anti-corruption and transparency measures to unblock the funds.
00:51The centre-right leader has also agreed with Ursula von der Leyen on the release of a total of 16
00:58.4 billion euros in exchange for reforms and investment plans.
01:02If the evaluation is positive, Budapest could gain access to the rest of the money by the end of the
01:08year.
01:10Budapest could gain access to EU funds.
01:11Budapest could gain access to EU funds.
01:11Budapest could gain access to EU funds.
