European Union

European Union S. Solberg J., Kolja21, Masterdeis/ derivative work: Kolja21, CC BY-SA 3.0

Political and economic union of 27 European states

The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. A supranational union with a total area of 4,233,255 km2 (1,634,469 sq mi) and an estimated population of over 450 million as of 2025, its member states generated a nominal gross domestic product (GDP) of around €18.802 trillion in 2025, accounting for approximately one sixth of global economic output. The EU is often described as a sui generis political entity combining characteristics of both a federation and a confederation.

EU Unlocks Hungary Funds

EU Unlocks Hungary Funds The EU will unlock €16 billion for Hungary following anti-corruption reforms by Prime Minister Peter Magyar.