European Union finance ministers have approved the allocation of €10 billion in funding to Hungary.

Hungarian Prime Minister Péter Magyar announced the decision in a post on X.

“The billions in EU funding will finally arrive. We promised, and we delivered.

Hungary’s EU Recovery and Resilience Plan has just received the unanimous approval of EU finance ministers. This removes the final obstacle to unlocking up to €10 billion in EU funds.

Many did not believe it could be done. Many thought it was impossible. Fidesz tried to obstruct it, while we worked tirelessly for three months and delivered.

The billions in EU funding are finally on their way and will go exactly where they belong: to the Hungarian people, by directly supporting transportation infrastructure, energy security, healthcare, water management, and local businesses.

Long live a European Hungary!” Magyar wrote.