US Edition
EU and Magyar Agreed to Work Together for EU Cash After Talks
The Commission and Tisza Party agreed to keep working on reforms after talks on €10.4 billion in recovery funds that Hungary could lose by August.
- On Saturday, a high-level European Commission delegation concluded two days of informal talks in Budapest with Hungary's incoming Tisza Party to discuss unfreezing billions in recovery funds before an end-of-August deadline.
- These unprecedented discussions follow Tisza's landslide election victory, which ended Viktor Orbán's 16-year rule, as Brussels seeks to release funds blocked over corruption and rule of law concerns.
- Prime Minister-elect Pter Magyar intends to fulfill 27 so-called "super-milestones," including combating corruption and restoring judicial independence, to unlock the blocked €17 billion from the Recovery and Resilience Facility.
- "There is full agreement on one point: real work must begin to ensure that the EU funds due to the Hungarian people finally arrive in Hungary," Magyar said, with both parties confirming Ukraine matters remain separate.
- Should both tranches reach Hungary in the coming years, totaling €34 billion, the economic impact would be significant, with the new government expected to take office in May to oversee these reforms.
15 Articles
15 Articles
A week after the election victory of Péter Magyar, talks are already taking place with the EU. It is about the money that has been blocked under its predecessor Viktor Orbán.
Magyar vows fast EU deal after high-level talks in Budapest
Hungary’s incoming leadership has signalled a decisive push to unlock frozen EU funds, following high-level talks with visiting officials from the European Commission. Péter Magyar, leader of the TISZA Party and likely next prime minister, said negotiations over the past two days marked the first step in a “complex but urgent” process to bring EU money back to Hungary.Continue reading
EU and Magyar agreed to work together for EU cash after talks
Ursula von der Leyen's right-hand man sent to Budapest to begin work for the release of €10 billion as Magyar races to unfreeze the cash in exchange of reforms. According to sources involved in the negotiations, the release of funds is not connected to Ukraine.
The EU fund is not a charity, but a compensation for the money paid by Hungarians to the EU and for the work our country has done for Europe, the future prime minister wrote on Facebook.
Hungary's future Prime Minister Péter Magyar announced that he has held high-level talks with European Commission leaders in Budapest, focusing primarily on the release of EU funds belonging to Hungary.
The European Union and Hungary have taken the first steps towards unblocking frozen EU funds for Budapest. According to Euronews, following weekend talks in the Hungarian capital, the European Commission declared its readiness to cooperate with Péter Magyar's new government.
Coverage Details
Bias Distribution
- 75% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
