ΠThe first thing that ΠEter Magyar wants to do after winning the elections in Hungary is to cut off European funds for reconstruction from the 18 billion euros, according to a new analysis by Rolitso.
ΠThe projects have been frozen for years by the European Union due to Viktor Orban's anti-democratic policies.
The funds are vital for the modernization of the energy grid and the transition to a green economy in the country. These were sectors in which Hungary lagged behind its Central European neighbors. Magyar has already announced that his team will immediately begin negotiations with the European Commission on a "restart" in this regard.
In addition, the new administration, which will have a full majority in the Πparliament in Budapest, will demand access to an additional 16 billion from the EC for defense - also frozen.
All this money has been moving away with each passing day, especially in the last days of the administration of the eurosceptic Orban, who led the country in extension of 16 years.
Fine of 1 million euros per day
One of the biggest victories for the Hungarian treasury with the advent of the new government will be the cessation of the financial outflow. Until now, the country had been forced to pay a fine of 1 million euros per day for not complying with European migration laws imposed by the previous government.
With the arrival of Magyar, whose campaign was built on the promise of transparency and "European normalization", Brussels no longer has its main antagonist. Analysts at Politiso and Deutsche Welle believe that Magyar's victory is the most direct line to the unfreezing of these funds.
Πer is ready - money for Kiev
To disconnect European funds, however, Πer Magyar will have to go through a complex diplomatic policy. Brussels expects real evidence of the dismantling of Orbán's authoritarian model, but it also puts on the table a list of tough geopolitical demands that are not subject to negotiations.
Hungary must end its opposition to any decision to start official negotiations on Ukraine's accession to the EC. In addition, Budapest must lift its veto on the vital €90 billion loan intended for Ukraine's economic survival.
The Hungarian cabinet will also have to impose new sanctions on Moscow.
The country's economic recovery depends as much on domestic laws as on a complete change in foreign policy. a policy that was at odds with the Union's policy.