Hungary's PM says he will conclude political deal on EU funds with von der Leyen
Hungarian Prime Minister Peter Magyar announced plans to finalize a political agreement regarding the release of frozen EU funds during a meeting with European Commission President Ursula von der Leyen. The funds were previously frozen due to concerns about Hungary's adherence to the rule of law and corruption issues. The Hungarian government is under pressure to secure these funds to support the struggling economy and meet an upcoming deadline.
- ▪Peter Magyar is set to meet with Ursula von der Leyen to finalize a political agreement on EU funds.
- ▪The funds were frozen under the previous government due to rule-of-law concerns.
- ▪Hungary's economy has been stagnant for three years, making the release of these funds crucial.
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Hungary's PM says he will conclude political deal on EU funds with von der LeyenSign up now: Get ST's newsletters delivered to your inboxFILE PHOTO: Hungarian Prime Minister Peter Magyar walks as he opens former Prime Minister Viktor Orban's offices to the public in Budapest, Hungary, May 16, 2026. REUTERS/Bernadett Szabo/File PhotoPublished May 29, 2026, 06:09 PMUpdated May 29, 2026, 06:09 PMBUDAPEST, May 29 - Hungarian Prime Minister Peter Magyar said on Friday he would conclude a political agreement on the release of frozen European Union funds at a meeting with European Commission President Ursula von der Leyen later in the day.Magyar arrived in Brussels on Thursday to negotiate the release of EU funds that were frozen under the previous government led by Viktor Orban due to concerns…
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