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Magyar targets May deal to unlock €10B of EU funds for Hungary

“Negotiations are progressing very well,” Magyar says after meeting Commission President Ursula von der Leyen, with a follow-up meeting penciled in for late May.

  • Milena Wälde
  • April 29, 2026
  • 0 Comments

After the meeting, which he called “highly constructive” in a post on X, Magyar struck a confident tone. “EU funds will soon start arriving in Hungary,” he said, while stressing the bloc was not imposing conditions “contrary to Hungary’s national interests.”

Von der Leyen echoed the message in an X post of her own: “A very good exchange with Péter Magyar in Brussels today. We discussed the steps necessary to unlock EU funds earmarked for Hungary that are frozen due to corruption and rule-of-law concerns. The European Commission will support your work to address these issues and realign with shared European values. Our teams will continue to work closely together.”

At stake is a large slice of Hungary’s recovery fund — including roughly €10 billion that will expire if Budapest fails to meet EU conditions by the end of August. To access the money, Hungary must deliver on 27 so-called “super milestones” covering public procurement, judicial independence, academic freedom and anti-corruption safeguards.

Magyar has made clear where he sees the problem. The funds were blocked, he said, because of “corruption on an industrial scale” under Orbán.

Magyar is due to be sworn in on May 9, marking the formal start of his premiership.

This post was originally published on this site.