Hungary has come under a lot of pressure in recent months, culminating in the passed resolution in European Parliament that stated that the country is no longer a full democracy. However, the country has recently signalled its willingness to carry out more reforms to align with Europe, in addition to creating an anti-corruption body as agreed with Brussels previously. Uncoupling Hungary’s energy system from Russian imports is still an area of contention.
Hungary hopes that these concessions will preserve billions of euros in funding, according to a recent Financial Times article. Hungary is in line to receive about €22bn of cohesion funding under the current 2021-27 EU budget, according to the European Commission, as well as an extra €7bn of grants and billions of euros more in loans under the recovery fund.