Norway restarts grant payments to Hungary after decade-long halt
Summary
Norway has agreed to restart grant payments to Hungary, ending a decade-long hiatus due to previous governmental disagreements, as confirmed by Norwegian Foreign Minister Espen Barth Eide. This €254.1-million ($285-million) agreement, set to be signed with Hungary's new government, will support joint projects through the European Economic Area and Norway Grants scheme from 2021 to 2028, with potential payments extending until April 2031. The previous stalemate arose when negotiations failed under Viktor Orban's leadership; however, the current administration led by Peter Magyar has facilitated renewed cooperation and alignment with key European values, coinciding with the European Commission's recent release of €16.4 billion in previously frozen EU funds for Hungary.