Magyar, von der Leyen agree on releasing €17B funds for Hungary

Hungary's newly elected Prime Minister Péter Magyar met with European Commission President Ursula von der Leyen, Magyar said on Wednesday, Report informs.

"I had a highly constructive and productive meeting with the President of the European Commission. We agreed that, as Prime Minister of Hungary, I will return to Brussels in the week of 25 May to conclude the political agreement necessary for Hungary and the Hungarian people to receive, as soon as possible, the EU funds they are entitled to - amounting to several thousand billion forints," Magyar wrote on X.

He reassured, "everyone that the European Union is not imposing any conditions that would be contrary to Hungary's national interests."

"In one sentence: EU funds will soon start arriving in Hungary, enabling us to kick-start the Hungarian economy and to deliver what is needed for a functioning and humane country," he stated.

Hungary is actively negotiating with the EC regarding the release of up to 17 billion euros in funds from the bloc, with Brussels demanding that Budapest urgently carry out reforms in a number of areas, particularly in the judicial system, as a condition for the allocation of these funds.

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