US EditionHungary’s Magyar Has ‘Highly Constructive’ Meeting in Brussels Amid Push to Unblock EU Funds
Peter Magyar said talks with European Commission leaders were constructive as Hungary seeks release of 18 billion euros in frozen EU funds.
- On Wednesday, Hungary's election winner Peter Magyar met European Commission President Ursula von der Leyen in Brussels, describing their talks as "extremely constructive and successful" regarding frozen EU funds.
- The European Commission previously blocked access to the funds due to rule-of-law and corruption concerns under Viktor Orban's 16-year rule, which the bloc ruled breached European standards.
- Hungary faces an August deadline to secure 11 billion euros from the Covid Recovery Fund, as these resources must be drawn by mid-August or be irrevocably lost.
- Magyar, holding a two-thirds parliamentary majority, plans to return to Brussels during the week of May 25 to finalize a political agreement, claiming funds will "soon start arriving" to enable economic recovery.
- Beyond funding talks, the 27-nation bloc last week approved a mammoth loan for Ukraine and sanctions on Russia, measures Hungary had stalled for months under Orban's leadership.
44 Articles
44 Articles
Magyar Begins Brussels Negotiation To Enter von der Leyen Club
Péter Magyar has already taken the first step in what appears to be the dismantling of Orbán’s key policies. On Wednesday, April 29th, the new Hungarian leader travelled to Brussels o to meet with the president of the European Commission, Ursula von der Leyen, and the president of the European Council, António Costa. The formal objective was to clear the political path toward unlocking European funds that had been frozen for Hungary for years. A…
Hungary’s Magyar Seeks Political Deal with Brussels on EU Funds by Late May
Hungarian Prime Minister-elect Péter Magyar agreed with European Commission President Ursula von der Leyen that the incoming Hungarian government and Brussels will conclude a political agreement by late May aimed at unlocking the EU funds currently frozen for Hungary. Magyar travelled to Brussels on Wednesday, 29 April, where he held what he described as a ‘highly constructive and productive meeting’ with von der Leyen regarding the multi-billio…
Péter Magyar made his first visit to Brussels and met with António Costa and the President of the European Commission, at a time when he is trying to unlock 17 billion in European funds.
Magyar has big plans for Hungary, and money is needed for them. But to obtain those resources, ties with the EU must be strengthened.
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