The deadline for RRF (and cohesion funds) conditionality expires today

HUNGARY - In Brief 31 Aug 2026 by Istvan Racz
At stake is €16.4bn, of which RRF is €10bn, two-thirds in grants and the rest in loans. All conditions are to be met and all utilisation of the RRF needs to be completed by the close of play tonight, or else the RRF funds will be partially or fully lost for Hungary.Earlier today, Minister of Transport and Investment Dávid Vitézy, the government's coordinator of the efforts to grab the RRF funds, said that all conditions and utilisation requirements have been met. Over a hundred legal rules have been amended or new pieces of law enacted, to meet the altogether 116 'milestones' and 'super-milestones', or the legal reform conditions, to use the language of ordinary mortals, rather than EU-speak. Mr. Vitézy appeared confident that Hungary's compliance with all the related EU requirements has reached 100% by this afternoon.The EU Commision has not said anything in public on the same subject, but that is normal. The EU will assess Hungarian compliance over the next few weeks. Hungary will have to send its RRF reimbursement invoices to Brussels by end-September, and the last bit of reimbursement will have to be paid out before end-December.Weeks ago, Finance Minister Kármán warned that the government was required to spend some HUF2200bn on the pre-financing of RRF programs in August, which was going to make the government's cash balance look very ugly in that month. That is the amount the government expects reimbursement of towards the end of this year.

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