European Commission considers lifting Hungary sanctions

The European Commission proposed to lift the safeguard measures imposed on Hungary in 2022, amounting to 4.2 billion euros, after Budapest showed progress in strengthening the rule of law and fighting corruption. The new reforms included expanding the authority of the Integrity Authority, establishing a system for declaring assets, increasing transparency, and improving judicial oversight of government decisions. It is expected that the Council of the European Union will approve the decision within a month, after the member states' consent, while the Commission had announced in May its readiness to release 16.4 billion euros contingent on the success of the reforms.

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