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Hungary's Magyar pushes to unblock EU billions in Brussels

Hungarian Prime Minister Peter Magyar (L) meets with European Commission President Ursula von der Leyen (R) in Brussels, Belgium, on April 29, 2026. (Photo by Dursun Aydemir/Anadolu via Getty Images)
Incoming Hungarian Prime Minister Peter Magyar wants Ursula von der Leyen to help release billions of euro in stalled EU funding for the country

Incoming Hungarian leader Peter Magyar has said that frozen EU funds would start flowing to Budapest soon, after talks with top officials on his first visit to Brussels since defeating Viktor Orban.

Conservative Magyar jetted to the heart of the European Union before he takes office next month in a clear sign that he intends to turn the page on the bad blood of Mr Orban's 16-year rule.

He said he agreed with European Commission chief Ursula von der Leyen in a "highly constructive" meeting to return in late May to agree a deal on how to free up the funds.

"In one sentence: EU funds will soon start arriving in Hungary, enabling us to kick-start the Hungarian economy," Mr Magyar posted online.

Mr Magyar is desperate to show that his promise to reset ties can bring quick benefits.

He wants to convince Brussels to release around €18bn in funding frozen over rule-of-law and corruption concerns under Mr Orban.

The clock is ticking: the incoming government has until the end of August to start pushing through reforms to try to secure the €10bn left over from Covid recovery funds or lose them for good.

Ms Von der Leyen hailed her "very good exchange" with Mr Magyar and said they had discussed "the steps necessary to unlock EU funds".

"The European Commission will support your work to address these issues and realign with shared European values," she wrote online.

The upbeat mood was echoed by European Council chief Antonio Costa, who also met with Mr Magyar.

"The EU faces many challenges, but when we are united Europe always delivers," Mr Costa wrote.

Hungary 'rejoining' EU

EU officials hope Mr Magyar will be able to move fast on reforms after securing a super-majority in parliament that will make it easier to ram through laws.

The speed with which Mr Magyar has engaged after the blockages and bickering of the Orban era has buoyed expectations in Brussels.

"We've never seen such a level of commitment from a government that isn't even in office yet," EU lawmaker Daniel Freund, a fierce Orban critic, said.

"It's practically as if Hungary is rejoining the European Union."

Prime Minister of Hungary Viktor Orban votes for the general election at a polling station in Budapest
Outgoing Hungarian premier Viktor Orban had been in conflict with Brussels for years

Officials say another way for Brussels to give Mr Magyar an early win could be to wave through a separate €16bn in preferential defence loans that were held up as the standoff with Mr Orban worsened ahead of the Hungarian polls.

But some caution that it will be concrete actions rather than warm words alone that prove genuine change is happening in Budapest.

"So far, wait and see," one EU diplomat said, on condition of anonymity. "But that might change, considering all the good things he says and does."

'New chapter' with Ukraine?

While Brussels is hammering out the reforms it wants with Mr Magyar, leaders are also pushing for a new approach on Ukraine after Mr Orban stalled a raft of EU support for the country as it fights Russia's invasion.

The incoming Hungarian premier sounded a positive note on Tuesday by saying he aimed to meet Ukraine's President Volodymyr Zelensky in June to "open a new chapter".

Even before Mr Magyar takes power, Mr Orban's defeat has already helped unblock some of the major points of contention.

The 27-nation bloc last week approved a mammoth loan for Ukraine and a new package of sanctions on Russia that Hungary had been stalling for months.

Hungary's European counterparts now want to see Mr Magyar free up EU funds used to arm Ukraine that have been stalled for years.

They expect him to lift Mr Orban's veto preventing Kyiv from moving to the next step in its bid to join the bloc.

Officials insist that Ukraine deserves to move ahead in the painstaking process, although there is little appetite among major EU powers to rush Kyiv towards full membership anytime soon.