EU and Magyar Agreed to Work Together for EU Cash After Talks
The Commission and Tisza Party discussed anti-corruption and judicial reforms as Hungary seeks to recover €10.4 billion in recovery funds before an August deadline.
- On Saturday, the European Commission concluded informal talks in Budapest with Hungary's incoming Tisza Party government, aiming to unlock billions in frozen European funds before an August deadline.
- The Tisza Party's landslide election victory, ending Viktor Orbán's 16-year rule, prompted the talks after the Commission blocked €17bn of the €27bn earmarked for Hungary due to corruption and rule-of-law deficiencies.
- To access funds, Hungary must fulfill 27 so-called "super-milestones," including combating corruption and restoring judicial independence, as Prime Minister-elect Péter Magyar promised to "fully deliver on these commitments."
- Led by chief of staff Björn Seibert, the Commission's delegation emphasized that "real work must begin" to ensure funds reach Hungarians, while both sides agreed Ukraine-related matters will remain separate from funding negotiations.
- With an August deadline for the €10.4bn Recovery and Resilience Facility, the new government—expected to take office in May—must expedite reforms; should both tranches reach Hungary, the total €34bn would provide significant economic impact.
20 Articles
20 Articles
A week after the election victory of Péter Magyar, talks are already taking place with the EU. It is about the money that has been blocked under its predecessor Viktor Orbán.
Magyar vows fast EU deal after high-level talks in Budapest
Hungary’s incoming leadership has signalled a decisive push to unlock frozen EU funds, following high-level talks with visiting officials from the European Commission. Péter Magyar, leader of the TISZA Party and likely next prime minister, said negotiations over the past two days marked the first step in a “complex but urgent” process to bring EU money back to Hungary.Continue reading
EU and Magyar agreed to work together for EU cash after talks
Ursula von der Leyen's right-hand man sent to Budapest to begin work for the release of €10 billion as Magyar races to unfreeze the cash in exchange of reforms. According to sources involved in the negotiations, the release of funds is not connected to Ukraine.
The EU fund is not a charity, but a compensation for the money paid by Hungarians to the EU and for the work our country has done for Europe, the future prime minister wrote on Facebook.
Ursula von der Leyen and her husband have begun negotiations with the Tisza Party, which won the Hungarian elections, about the release of EU funds due to Hungary but frozen due to rule of law problems.
According to the President of the European Commission, the deadline is extremely tight: if Hungary does not implement key reforms by the end of August, it could permanently lose several billion euros in EU support.
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