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Europe Daily Bulletin No. 13877

Contents Publication in full By article 1 / 29
INSTITUTIONAL
HUNGARY: Commission and Budapest agree on reforms and investments intended to unlock €16.2 billion in EU funds

European Commission President Ursula von der Leyen announced, on Friday 29 May, that she had reached an agreement with Hungary’s new Prime Minister, Péter Magyar, on “an architecture” of reforms and investments to be carried out by the end of August in order to be able to release more than €16 billion in European funds that had been frozen under the previous ‘Orbán’ government.

Ms von der Leyen welcomed “the strong winds of change” blowing through Hungary since...

Contents

INSTITUTIONAL
HUNGARY: Commission and Budapest agree on reforms and investments intended to unlock €16.2 billion in EU funds
BUDGET: Commission highlights revenue for EU budget that taxes on cryptocurrencies, digital sector and online gambling could generate
BUDGET: EU Council moving towards return of specific monitoring of budget expenditure devoted to biodiversity under MFF 2028–2034
SECTORAL POLICIES
DIGITAL/COMPETITIVENESS: European Commission seeks to harness open source in its tech sovereignty strategy and develop European alternatives
DIGITAL: Cyprus Presidency of EU Council presents revised proposal on simplification of GDPR
DIGITAL: European Commission seeks contributions on draft guidelines on trusted flaggers under DSA
RESEARCH: persistent disagreements among EU27 on operation of post-2027 Horizon Europe programme
RESEARCH: according to European Commission, EU’s startup and scaleup ecosystem is growing, with five front-runners among Member States
ENERGY: European Commission considers three-year postponement of sanctions against energy importers not complying with Methane Regulation
CLIMATE: France, Germany, Spain and Estonia also call for new benchmark criteria for ETS
MIGRATION: EU wants to increase Libyan Coast Guard’s training to better manage migration flows in Mediterranean
INTERNAL MARKET: Internal Market Emergency and Resilience Act has entered into force
SECURITY - DEFENCE - SPACE
SPACE: Member States note progress on Space Act, but work is still far from complete
SPACE: Josef Aschbacher calls on Europe to speed up its space autonomy vis-à-vis United States
EXTERNAL ACTION
CHINA: European Commission considers current state of economic relations with China “untenable”, promising rebalancing
WTO: to reform WTO, European Union must build “a coalition of middle powers”, according to Bruegel
ECONOMY - FINANCE - BUSINESS
FINANCES: ‘Group of Six’ agrees on six priorities to speed up integration of European capital markets
STATE AID: green light for a €9 billion Spanish capacity mechanism for security of electricity supply
STATE AID: fertilisers - green light for €500 million in Spanish aid for agricultural companies
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: EUFunds4IndependentLiving coalition adopts amendments for greater investment in independent living services under MFF 2028–2034
NEWS BRIEFS
ECB: European Monetary Institute appoints three new Directors-General
CULTURE: European Heritage Awards / Europa Nostra Awards 2026 - winners honoured at ceremony in Cyprus
CLIMATE: climate issues are not sufficiently integrated into European defence and security, according to Commission and national representatives
DEFENCE: MEPs welcome deepening of EU-Canada cooperation
DEFENCE: EU grants €100 million in support to Lebanese armed forces under European Peace Facility
ECONOMY/DEFENCE: Poland receives a pre-financing payment under SAFE loan programme for EU countries to increase military spending
ECONOMY: Hungary’s deficit could approach 7% of national GDP by end-2026
JUSTICE: European Public Prosecutor’s Office investigates alleged fraud involving €18 million earmarked for post-Covid-19 recovery plan
CSDP: Cornelia Taylor to head EU Advisory Mission to Ukraine from 1 July