Hungary’s new prime minister praised "productive" talks in Brussels as he works to secure billions in EU funds before a summer deadline.
Hungarian Prime Minister-elect Péter Magyar announced that EU funds might be made available to Hungary soon after several important meetings in Brussels on Wednesday.
Magyar met with European Commission President Ursula von der Leyen in their initial direct discussions following his election win on April 12. The duo talked about actions to release billions of euros in EU funds that are presently halted due to worries about corruption and legal standards.
Hungary may forfeit nearly €10 billion in post-pandemic financial aid aimed at boosting its economy if Magyar doesn't finalize an agreement before the August deadline. Magyar will come back to Brussels for an official trip on 25 May, after taking office.
Hungary remains the only EU member state pending approval for its extensive defense strategy, called SAFE, which is set to be funded by low-interest European loans from the European Commission totaling approximately €16 billion. It is acknowledged that Brussels delayed a decision while awaiting the outcome of the general election.
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Following his meeting with von der Leyen, Magyar stated in a social media update that the discussions were "extremely constructive and effective," urging for the talks to progress rapidly.
Magyar assured that "EU funds will soon begin to flow into Hungary," but he also noted that the money, which is contingent on reforms related to the rule of law, will not compromise Hungary's national interests.
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His remarks emphasize the fragile equilibrium Magyar must achieve; partnering with EU organizations to secure billions of euros essential for rejuvenating the Hungarian economy, while simultaneously portraying himself as an autonomous leader able to make independent choices before Brussels following years of tense relations between Budapest and the EU.
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In distinct comments, Commission President von der Leyen noted that they had talked about “the measures required to release EU funds designated for Hungary" which were stalled during Viktor Orbán's tenure, who has been a persistent adversary of von der Leyen’s leadership.