| |MAY 20269Milence Boosts Europe EV Freight Infrastructure with 120M FacilityMagyar to Spell Out Conditions on EU Funding to von der LeyenVon der Leyen Praises New Chapter in EU-India RelationsMilence, the joint venture formed by Daimler Truck, TRATON Group, and Volvo Group, has secured a 120 million financing facility to accelerate expansion of its electric truck charging network across Europe. The funding will support deployment of new charging hubs, upgrades to existing sites, and rollout of megawatt charging systems for long haul heavy duty electric trucks.The deal marks Milence's first move into broader capital markets and complements the 500 million equity investment committed by its founding shareholders. Milence currently operates 34 charging hubs across eight European countries, making it Europe's largest public charging network dedicated to heavy duty electric transport. The additional funding will help expand its presence and improve charging capacity along freight corridors across the continent. Hungary's newly appointed Prime Minister Péter Magyar will send a letter to Ursula von der Leyen on Thursday outlining his government's position on political conditions tied to EU funding.Magyar announced the move after his cabinet's first meeting in Ópusztaszer. He Indian Prime Minister Narendra Modi visited Sweden on Sunday, marking the second leg of a European tour featuring the Netherlands, Norway, and Italy. Von der Leyen reaffirmed the dedication to the EU-India trade agreement, referred to as the "mother of all deals," that was signed in New Delhi in January and is anticipated to be completed by year's end.Encompassing nearly two billion individuals and roughly a quarter of the world's economic performance, the agreement represents the largest bilateral trade accord either party has ever finalized, amid a period when geopolitical tensions are increasingly influencing global trade. Modi signed a strategic partnership to enhance collaboration in trade, technology, and energy with the Netherlands after meeting Dutch Prime Minister Rob Jetten. BizWirepledged to recover 17 billion in EU funds withheld under former Prime Minister Viktor Orbán over concerns related to corruption and rule of law standards.Of the total amount, 10 billion from the EU's Recovery and Resilience Facility could expire by the end of August if the new government fails to use it. Hungary is reviewing a national development plan prepared by the previous administration and will submit it to the European Commission before the end of May officially. Bilateral Ties
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