Hungary's next PM says frozen EU funds will be paid out soon

Péter Magyar meets EU leaders in Brussels, for the first time since his Tisza party won a landslide election.

BBC News - Europe
75
4 min read
0 views
Hungary's next PM says frozen EU funds will be paid out soon

13 hours ago

Paul KirbyEurope digital editor

Reuters European Commission President Ursula von der Leyen meets with Hungary's incoming Prime Minister Peter Magyar in Brussels, Wednesday, April 29, 2026Reuters

Péter Magyar has not yet taken office but is in a rush to release the EU's frozen funds

Hungary's Prime Minister-elect Péter Magyar has met EU leaders in Brussels, for the first time since his Tisza party won a landslide election on 12 April, sweeping away 16 years of rule by Viktor Orbán.

After talks with European Commission President Ursula von der Leyen, which he called "extremely constructive and successful", Magyar said that "in one sentence, EU resources will soon arrive in Hungary".

Magyar has vowed to unlock billions of euros of EU funds for Hungary that have been frozen because of democratic backsliding and corruption allegations under Orbán's Fidesz-led government.

Orbán, who ran a largely anti-EU election campaign, had accused his rival of being a puppet of Brussels.

After his talks, Magyar sought to assure Hungarians that the EU did not support conditions that would be contrary to their country's interests. The unblocked billions would help revive Hungary's ailing economy, he added. Hungary's economy has shown minimal growth for the past three years.

The conditions were simple, said party colleague Márton Hajdu: there should be no corruption, and the government should not interfere with the functioning of the courts. However, Magyar is in a hurry and his new government will have its work cut out to meet those conditions in a short space of time.

Von der Leyen said she had had a "very good exchange" with Hungary's next prime minister, adding that the EU's executive Commission would "support your work to address these issues and realign with shared European values".

Péter Magyar, 45, is not due to be sworn in until 9 May, but he has promised to hit the ground running. Two days after his election victory he was already on the phone to von der Leyen to press her on the release of EU funds.

He said on Wednesday that he would return to Brussels on 25 May to sign a political agreement.

Magyar also met European Council President António Costa, who represents the EU's 27 member states. The Tisza leader wrote on social media afterwards that "Hungary was, is and will be in Europe".

His most urgent priority is to unlock€10.4bn (£9bn)of the EU's Covid-19 recovery fund before it expires at the end of August, if Budapest is unable to meet a raft of "super-milestones". Those milestones involve anti-corruption and rule-of-law reforms set as part of Hungary's post-Covid recovery plan in 2022.

Magyar also has an eye on a further €6.3bn in cohesion funds that were blocked over Orbán-era rule-of-law issues that the incoming government has promised to reverse.

On top of that he could have access to €16.1bn in cheap EU defence loans and will aim to put an end to a €1mdaily fine that Budapest has had to pay out for breaching EU migration rules.

Magyar is certainly in a good position to steer reforms through the Hungarian parliament, having secured a "super-majority" of two-thirds of MPs that enables the governing party to change the constitution.

His Tisza party, which was only formed just over two years ago, won 141 seats in the 199-seat National Assembly earlier this month.

There is also considerable goodwill from other EU leaders towards the incoming government.

Orbán's veto on a €90bn loan to Ukraine was lifted last week at an informal EU summit that the outgoing prime minister did not attend. And Magyar has sought to reset turbulent relations with Kyiv by offering to meet President Volodymyr Zelensky early in June, in the Hungarian-majority town of Berehove in south-western Ukraine.

Original Source

BBC News - Europe

Share this article

Related Articles

‘Parade Security?’ - Ukraine to Clarify Russia’s May 9 ‘Truce’ with Trump Team
🇺🇦🇷🇺Ukraine vs Russia
Kyiv Post

‘Parade Security?’ - Ukraine to Clarify Russia’s May 9 ‘Truce’ with Trump Team

Zelensky ordered contacts with Trump’s team to clarify Russia’s proposed May 9 truce, questioning whether it is for parade security or a real step toward peace.

yaklaşık 2 saat önce3 min
Zelensky orders talks with U.S. to verify details of Russia’s temporary truce proposal
🇺🇦🇷🇺Ukraine vs Russia
Ukrinform

Zelensky orders talks with U.S. to verify details of Russia’s temporary truce proposal

President Volodymyr Zelensky has instructed Ukrainian representatives to clarify with the U.S. President’s team the details of Russia’s proposal for a short-term ceasefire.

yaklaşık 2 saat önce1 min
Transnistrian direction remains security priority – SBGS spox
🇺🇦🇷🇺Ukraine vs Russia
Ukrinform

Transnistrian direction remains security priority – SBGS spox

The Transnistrian direction remains one of the key priorities for ensuring security along critical sections of the border.

yaklaşık 3 saat önce2 min
Ukraine Hits Perm Twice in 24 Hours, Hazard Alert Sounds Across City as Key Oil Facilities Burn
🇺🇦🇷🇺Ukraine vs Russia
Kyiv Post

Ukraine Hits Perm Twice in 24 Hours, Hazard Alert Sounds Across City as Key Oil Facilities Burn

Fires reported at key oil facilities in the Perm region as Ukraine also appears to attack Sverdlov Plant in Dzerzhinsk – one of Russia’s largest producers of explosives.

yaklaşık 3 saat önce5 min