Hungary unlocks 16.4bn in frozen EU funds after anti-corruption reforms
Hungary secures €16.4 billion in frozen EU funds after Prime Minister Peter Magyar agrees to anti-corruption reforms, marking a sharp break from the policies of his predecessor, Viktor Orbán. The European Commission releases the funds—held since 2022 over rule-of-law concerns—following Magyar’s Brussels visit on 28 May, where he and Commission President Ursula von der Leyen finalized the deal .
The agreement requires Hungary to implement judicial independence measures, strengthen anti-graft agencies, and overhaul public procurement rules. Magyar’s government must submit progress reports every three months to retain access to the funds, which include cohesion and recovery money critical to Hungary’s stagnant economy . Von der Leyen praised the reforms as “a new chapter” for Hungary-EU relations, while Magyar framed the deal as proof his administration is “turning the page” on Orbán’s confrontational approach .
The release comes as Hungary prepares for eurozone accession talks, though no formal timeline has been set. Magyar has signaled openness to adopting the euro but insists Hungary must first meet fiscal and structural benchmarks—a stance that contrasts with Bulgaria’s recent struggles. Sofia entered the eurozone in January 2026 but faces an excessive deficit procedure just months later, underscoring the bloc’s heightened scrutiny of new members . Analysts warn Hungary’s path to the euro remains uncertain without sustained reforms, particularly in curbing state capture and improving budget discipline.
Hungary unlocks 16.4bn in frozen EU funds after anti-corruption reforms
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- helsingin sanomat
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