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.
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EU to unlock 16 billion euros for Hungary as Magyar pushes ahead with post-Orban reforms
France24
May 29, 2026 at 2:26 PM
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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.