European Commission Approves Hungary's Revised Recovery Plan

The European Commission approved Hungary's revised Recovery Plan on 19 June 2026 as Prime Minister Péter Magyar attended his first European summit. The document is central to the new government's strategy to gain access to €10 billion from the EU's post-pandemic recovery funds. The Hungarian plan includes rail projects, energy infrastructure and housing schemes.

The revised Recovery Plan still requires approval by all EU member states in the Council in July 2026. Hungary must meet 27 so-called super milestones by the end of August for the funds to be released. 4 billion in funds that were frozen by the EU during Viktor Orbán's tenure over corruption concerns.

Hungary submitted its revised Recovery Plan nine days before 19 June 2026 after weeks of intense talks with the Commission. Magyar ousted Orbán's right-wing government in the April 2026 parliamentary elections, campaigning on bringing Hungary back into the European mainstream and securing funds that had been withheld for years.

Euronews reported the Commission's rapid approval of the document submitted by the new government.