Hungarian PM Magyar scores €16.4 billion from frozen EU funds in ‘historic agreement’

"Hungarians made a clear decision on April 12 to return to Europe," von der Leyen stated

BRUSSELS, BELGIUM - MAY 29: Hungarian Prime Minister Peter Magyar (L) is welcomed by the President of the European Commission Ursula von der Leyen (R) prior a bilateral meeting in the Berlaymont building, the EU Commission headquarter on May 29, 2026 in Brussels, Belgium. Peter Magyar is in Brussels today to finalize negotiations with the European Commission for unlocking approximately Euro10 billion in frozen EU funds for Hungary. His visit focuses on officially resetting Budapest's diplomatic relations with the EU following his recent election victory over Viktor Orban. (Photo by Thierry Monasse/Getty Images)
By Remix News Staff
3 Min Read

European Commission President Ursula von der Leyen held a press conference with Prime Minister Péter Magyar in Brussels after the two held talks to discuss the release of funds to Hungary. Despite many feeling the EU would place extensive hurdles in front of Magyar, he is walking away with €16.4 billion

“Hungarians made a clear decision on April 12 to return to Europe,” von der Leyen reportedly stated, as cited by Telex.

They agreed on a “robust architecture” to ensure that corruption and rule of law concerns are addressed. The Tisza government has joined the European Public Prosecutor’s Office, will strengthen the powers of the Integrity Authority, review public procurement rules, and remove public interest trusts.

“We can feel a strong wind of change across Hungary. To fight corruption. Kickstart economic recovery. And restore the rule of law,” von der Leyen posted to X.

Magyar announced that based on the “historic agreement,” Brussels has agreed to release 16.4 billion euros, which is approximately 13 percent of Hungary’s gross domestic product.

“Today we proved that there were no ideological issues and expectations here in Brussels, but that we must ‘merely’ take action against corruption,” Magyar stated. Key to this was Hungary joining the European Public Prosecutor’s Office, which was not one of the conditions set.

The Tisza government has also indicated that it will be rejoining the ICC, an organization Viktor Orbán had quit over its arrest warrant for Israeli PM Benjamin Netanyahu.

Yesterday, Magyar also met with NATO chief Mark Rutte. “Hungary will once again be a reliable partner in the world’s strongest military alliance, he posted to X, adding that he had “informed the Secretary General that Hungary is not supplying weapons or military equipment to Ukraine.”

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