Hungary’s Magyar Sees Political Deal Over EU Funds By End-May

Peter Magyar and Ursula von der Leyen in Brussels, on April 29.Photographer: Wiktor Dabkowski/Bloomberg

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By Thomas Escritt and Jorge Valero

April 29, 2026 at 4:15 AM UTC

Updated on

April 29, 2026 at 4:13 PM UTC

Hungary’s incoming Prime Minister Peter Magyar said he will sign a political deal paving the way for the release of around €10 billion ($11.7 billion) in European Union recovery funds at the end of May.

Writing in a social media post on Wednesday, Magyar said he held “extremely productive and successful” talks with European Commission President Ursula von der Leyen during his first trip to Brussels since his landslide election victory.