European Commission Engages Hungary to Unfreeze €17 Billion in EU Funds
The European Commission is actively engaging with Hungary's incoming Prime Minister Péter Magyar to unfreeze €17 billion in EU funds that have been frozen due to concerns over corruption and rule-of-law issues during Viktor Orbán's tenure. Magyar's Tisza party has recently increased its parliamentary majority, which strengthens his mandate to implement necessary democratic reforms. These reforms are crucial for Hungary to meet 27 EU-mandated conditions, known as 'super milestones', which include changes to procurement rules, judicial independence, and academic freedom. Over the weekend, Magyar and his future ministers held discussions with European Commission President Ursula von der Leyen’s chief of staff and other officials to outline a roadmap for releasing the funds and to discuss a €90 billion loan to Ukraine that was previously vetoed by Orbán.