{"id":993539,"date":"2026-05-30T03:29:26","date_gmt":"2026-05-30T03:29:26","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/993539\/"},"modified":"2026-05-30T03:29:26","modified_gmt":"2026-05-30T03:29:26","slug":"eu-unlocks-e16bn-for-hungary-as-new-pm-magyar-presses-on-with-reforms","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/993539\/","title":{"rendered":"EU unlocks \u20ac16bn for Hungary, as new PM Magyar presses on with reforms"},"content":{"rendered":"<p>\n                        European Commission President Ursula von der Leyen said on Friday the European Union would unlock more than \u20ac16 billion in funding for Hungary, as she praised early progress on reforms under the country&#8217;s new leadership.\u00a0        <\/p>\n<p class=\"m-pub-dates\">Issued on: 29\/05\/2026 &#8211; 17:40<\/p>\n<p>    2 min    Reading time\n<\/p>\n<p>Von der Leyen announced the release of funds that had been frozen under the divisive rule of former prime minister Viktor Orban, following talks with his pro-Europe successor Peter Magyar in Brussels.<\/p>\n<p>&#8220;We can already feel a strong wind of change across Hungary,&#8221; von der Leyen told a <a href=\"https:\/\/x.com\/vonderleyen\/status\/2060347863633170690\" target=\"_blank\" rel=\"nofollow\">press conference<\/a>,\u00a0calling the agreement reached on Friday a &#8220;historic breakthrough&#8221;.<\/p>\n<p>&#8220;In only a few weeks, you have driven forward long overdue reforms,&#8221; she told the conservative leader.<\/p>\n<p>The announcement is a big win for Magyar, who defeated longtime nationalist leader Orban in an election in April, and has been eager to show progress in securing the much needed funds.<\/p>\n<p class=\"a-read-more\"><a href=\"https:\/\/www.rfi.fr\/en\/international\/20260529-hungary-police-say-no-grounds-to-ban-budapest-pride-parade\" target=\"_self\" class=\"a-read-more__link\" rel=\"nofollow noopener\">Hungary police say &#8216;no grounds&#8217; to ban Budapest Pride parade<\/a><\/p>\n<p>The EU froze around \u20ac18 billion in funds earmarked for Budapest because of democratic backsliding, corruption and the treatment of <a href=\"https:\/\/www.rfi.fr\/en\/international\/20260415-new-hungarian-pm-s-campaign-silence-on-gay-rights-worries-activists-lgbtqi\" target=\"_self\" rel=\"nofollow noopener\">LGBTQ issues<\/a> under Orban&#8217;s rule.<\/p>\n<p>The money could help Magyar revive Hungary&#8217;s <a href=\"https:\/\/www.oecd.org\/en\/topics\/sub-issues\/economic-surveys\/hungary-economic-snapshot.html\" target=\"_blank\" rel=\"nofollow noopener\">flagging economy<\/a> and generate goodwill, as Brussels seeks to push ahead with issues previously blocked by Budapest, such as EU membership talks with Ukraine.<\/p>\n<p>&#8220;We fought for each cent,&#8221; Magyar said, celebrating what he described as a &#8220;historic day&#8221;.<\/p>\n<p> &#8216;Subject to reforms&#8217; <\/p>\n<p>The bulk of the frozen funds \u2013 just over \u20ac10 billion of the total \u2013 are from the EU&#8217;s <a href=\"https:\/\/commission.europa.eu\/strategy-and-policy\/recovery-plan-europe_en\" target=\"_blank\" rel=\"nofollow noopener\">Covid-19 recovery fund<\/a>. Hungary had until the end of August to present a new plan to secure them.<\/p>\n<p>Their release was &#8220;subject to the reforms that are being adopted&#8221; and the implementation of a series of investments that have been agreed on, von der Leyen said.<\/p>\n<p>Until now,\u00a0Magyar has\u00a0mostly announced reforms rather than fully implementing them.<\/p>\n<p>The\u00a0clearest confirmed steps are institutional and anti-corruption measures: he has pledged to create an independent anti-abuse office, restore judicial independence, join the European Public Prosecutor\u2019s Office, and work to unfreeze EU funds by tackling corruption.<\/p>\n<p>One symbolic early act was the new parliamentary leadership ordering the EU flag to be raised again on the parliament building, after an absence of 12 years.<\/p>\n<p>Magyar said Hungary will be able to pass all the laws needed for the EU to release the funds.<\/p>\n<p><img fetchpriority=\"low\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/05\/000-B2C9494.jpg\"   alt=\"The flag of the European Union is seen flying from the Hungarian Parliament on 9 May.\" style=\"max-height:558px\" loading=\"lazy\" class=\"a-img \"\/><\/p>\n<p>                The flag of the European Union is seen flying from the Hungarian Parliament on 9 May.                AFP &#8211; FERENC ISZA            <\/p>\n<p>In a similar scenario, the EU <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/api\/files\/document\/print\/eit\/ip_24_1222\/IP_24_1222_EN.pdf\" target=\"_blank\" rel=\"nofollow noopener\">unlocked<\/a> billions of euros for Poland in 2024 as soon as the government of pro-European Prime Minister Donald Tusk offered assurances that change was afoot.<\/p>\n<p>While in power, Orban \u2013 a self-described &#8220;thorn&#8221; in the EU&#8217;s side, who maintained close ties to Moscow \u2013 kept the Constitutional Court, the Public Prosecutor&#8217;s Office and the Court of Audit on a tight leash, appointing his allies to run them.<\/p>\n<p class=\"a-read-more\"><a href=\"https:\/\/www.rfi.fr\/en\/international\/20260412-europe-welcomes-magyar-victory-as-orban-concedes-defeat-in-hungary-s-elections\" target=\"_self\" class=\"a-read-more__link\" rel=\"nofollow noopener\">Europe welcomes Magyar victory as Orban concedes defeat in Hungary&#8217;s elections<\/a><\/p>\n<p>Magyar, whose party holds a large majority in parliament, has begun initial reforms, with his camp <a href=\"https:\/\/www.rfi.fr\/en\/international\/20260528-hungary-strikes-down-another-orban-policy-with-vote-to-stay-in-icc\" target=\"_self\" rel=\"nofollow noopener\">voting on Wednesday<\/a> to drop Orban&#8217;s plan to withdraw from the International Criminal Court.<\/p>\n<p>In another significant move, Hungarian police <a href=\"https:\/\/www.rfi.fr\/en\/international\/20260529-hungary-police-say-no-grounds-to-ban-budapest-pride-parade\" target=\"_self\" rel=\"nofollow noopener\">said on Friday<\/a> they would not ban next month&#8217;s Pride parade in Budapest. Last year the event was banned under Orban.<\/p>\n<p>(with newswires)<\/p>\n","protected":false},"excerpt":{"rendered":"European Commission President Ursula von der Leyen said on Friday the European Union would unlock more than \u20ac16&hellip;\n","protected":false},"author":2,"featured_media":993540,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5174],"tags":[2000,299,5187,1699,2190,522,11854,1220],"class_list":["post-993539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-eu","tag-europe","tag-european","tag-european-union","tag-hungary","tag-international","tag-peter-magyar","tag-ursula-von-der-leyen"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116661412515988924","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/993539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=993539"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/993539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/993540"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=993539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=993539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=993539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}