US EditionEU Delegation Heads to Budapest for Talks on Frozen Funds
Officials will discuss legal reforms and Ukraine disputes as Hungary seeks access to about €17 billion in frozen EU funding, the Commission said.
- On Thursday, a high-level European Union delegation arrived in Budapest to initiate financial negotiations with Peter Magyar and his incoming Tisza-led government, signaling Brussels' rapid engagement following the party's election victory.
- Magyar secured a sweeping victory in last Sunday's election, ending Viktor Orbán's 16-year rule. Hungary must now address 27 conditions to unfreeze EU funds blocked in 2022 due to "violations of the principles of the rule of law."
- The delegation includes budget and Recovery and Resilience Facility experts providing technical assistance to map "super milestones" linked to judicial independence, anti-corruption safeguards, and procurement transparency reforms.
- Negotiations also address Hungary's veto on a €90 billion Ukraine aid package and disputes over the Druzhba pipeline. Magyar urged Orbán to lift the veto before leaving office to resolve the energy supply conflict.
- Hungary risks losing nearly €10.4 billion in Recovery and Resilience Facility funds if conditions are unmet by August's deadline. Meeting these conditions could unlock over €7 billion in frozen cohesion funding over coming years.
27 Articles
27 Articles
A delegation from the European Commission goes to Budapest on Friday to meet the new Prime Minister, Peter Magyar. At the heart of the discussions: the release of European funds frozen due to infringements of the rule of law during the 16 years of power of the outgoing Prime Minister.
Representatives of the European Union travel to Hungary today for talks with the designated new government.
EU rushes to Budapest talks with Magyar team to unlock frozen funds
European Commission officials are due to meet the team of Hungary’s prime minister-designate, Péter Magyar, in Budapest on Friday, just five days after his election victory, to begin the process of unfreezing €17 billion in EU funds, with Ukraine-related disputes also on the agenda.
EU delegation comes to Budapest for Tisza talks on EU funds
A high-level European Union delegation is set to arrive in Budapest on Thursday for talks with representatives of Hungary’s incoming Tisza-led government, in what could become the most important financial negotiation of the country’s post-election transition.Continue reading
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