EU Commission Approves Hungary's New Recovery Plan with €10 Billion Funding on July 10

The EU Commission on July 10 formally approved Hungary's new Recovery and Resilience Plan, providing approximately €10 billion in financial support. The funding comprises approximately €6.5 billion in grants and €3.5 billion in loans, according to the Commission's announcement. Prime Minister Viktor Orbán stated on social media that EU funds will be allocated to transportation, energy, and healthcare sectors.
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