Hungary's next PM says frozen EU funds will be paid out soon
Following a landslide election victory, Hungary's incoming prime minister Péter Magyar traveled to Brussels to negotiate the release of billions in frozen European Union funds
Péter Magyar, the leader of Hungary's Tisza party, held his first official meetings with European Union leaders in Brussels following a landslide victory in the country's recent elections. Magyar, who is positioned to serve as Hungary's next prime minister, used the high-level visit to address the ongoing suspension of European funds. During his stay in the Belgian capital, he expressed optimism regarding the financial situation, stating that the frozen resources would be paid out to Hungary in the near future. This visit marks a significant moment for the incoming administration as it seeks to establish its presence on the European stage.[1]
The European Union is currently engaged in active discussions with Magyar regarding a possible workaround for the frozen funds, which total approximately €10 billion. Officials in Brussels are specifically looking for ways to extend the deadline for a portion of these funds beyond an August cutoff. These negotiations represent a critical diplomatic effort following the significant political shift in Hungary. As the Tisza party prepares to take power, the focus remains on resolving the budgetary disputes that have previously strained the relationship between Budapest and the European bloc.[1][2]
