Last news in Fakti

After Orban's loss: Ursula von der Leyen arrives in Budapest

Discussions focus on unfreezing EU funding that Hungary's economy desperately needs

Apr 18, 2026 07:52 48

After Orban's loss: Ursula von der Leyen arrives in Budapest  - 1

A European Commission delegation arriving in Budapest will discuss an action plan to unfreeze EU funding that Hungary's economy desperately needs.

This was announced by incoming Prime Minister Péter Magyar, quoted by Bloomberg.

He said he expected "constructive" two days of talks, but added that time was very short.

The Brussels delegation will include the chief of staff of European Commission President Ursula von der Leyen and several directors-general. Anita Orbán, István Kapitány and András Kármán, who are expected to become foreign, economy and finance ministers respectively, will join the talks, as will Magyar himself.

“I expect constructive talks, but it will not be easy. There will be enormous pressure because the deadlines for billions of dollars in loans expire at the end of August,“ he said.

According to the policy, his government, once formed next month, will quickly tackle corruption problems and restore media and academic freedom.

It is noted that Brussels has made it clear that it will not release the frozen Hungarian funds until Magyar resolves the problems that led to the funds being withheld during Orbán's term.

The future prime minister told von der Leyen that most of the demands – to fight corruption, restore the rule of law, freedom of the press and university autonomy - are easy for him to implement.

According to him, the more difficult and time-consuming task will be to create new project companies within the revised institutional structure under his government by the end of August deadline. Roughly half of the more than $20 billion in frozen EU funds will expire by then as deadlines. Hungary's government will not be formed until mid-May.

Hungary must quickly allocate funds to strengthen the economy, which has stagnated in recent years under Orbán, and make progress in the fight against corruption. According to Transparency International, Hungary has become the most corrupt country in the EU under the outgoing prime minister.

Brussels is demanding that Hungary lift its veto on a €90 billion EU loan to Ukraine. Orban blocked the aid last month, accusing Kiev of deliberately cutting off Russian oil supplies to Hungary in an attempt to help oust him.

On Sunday, the Magyar party, "Tisza", won a landslide victory, securing two-thirds of the vote, ousting outgoing Prime Minister Viktor Orban after 16 years in power.