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France 24
France 24
Politics
FRANCE 24

EU to unlock €16 billion for Hungary as Magyar pushes ahead with post-Orban reforms

Viktor Orban Peter Magyar Hungary European Union Ursula von der Leyen Budapest Democratic Party Corruption European Commission
European Commission President Ursula von der Leyen, right, and Hungary's Prime Minister Peter Magyar address the media at EU headquarters in Brussels, Friday, May 29, 2026.
European Commission President Ursula von der Leyen, right, and Hungary's Prime Minister Peter Magyar address the media at EU headquarters in Brussels, Friday, May 29, 2026. © Virginia Mayo, AP

The European Union will unlock more than €16 billion in frozen funds for Hungary, EU chief Ursula von der Leyen said Friday, praising what she described as "long overdue reforms" by newly elected Prime Minister Peter Magyar. The EU had frozen the funds while the country was under the leadership of nationalist premier Viktor Orban, accusing Budapest of corruption and democratic backsliding.

European Union chief Ursula von der Leyen said Friday the bloc would unlock more than €16 billion ($19 billion) for Hungary, as she praised early progress on reforms under the country's new leadership.

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