Hungary and EU to Discuss Terms of Release for Billions in Blocked Funds

SHREVEPORT, LOUISIANA - APRIL 20: Children huddle to pray during a memorial gathering on April 20, 2026 in Shreveport, Louisiana. Eight children were killed and two women were wounded during a domestic violence incident in the early morning hours of April 19th, according to local authorities. (Photo by Brandon Bell/Getty Images)

BRUSSELS, April 27 (Reuters) – Top EU officials and Hungary’s ⁠incoming ⁠government will discuss on Wednesday ⁠the changes Budapest needs to push through to release 17 ​billion euros in EU funds that have been blocked due to rule-of-law concerns under the outgoing ‌government.

Some of the frozen funds, ‌such as 11 billion euros ($13 billion) from the post-pandemic Recovery Fund, must be ⁠drawn by ⁠mid-August, or be irrevocably lost.

European Commission President Ursula von der Leyen and ​Hungary’s incoming prime minister Peter Magyar will take part in the talks, the Commission said.

Officials from both sides have already met twice since the sweeping April 12 election victory of Magyar’s ​Tisza party, which gave him a two thirds majority in parliament which means he ⁠is ⁠able to change the ⁠constitution.

EU officials ​say that due to the supermajority he will be able to make the necessary legal ​changes quickly to unlock ⁠the time-sensitive funds.

“These meetings are fully focused on how to make progress on unblocking EU funds earmarked for Hungary,” Commission spokesman Olof Gill told a news briefing on Monday.

“We want to engage in a structured and focused way with the incoming Hungarian government ⁠to make sure that at the earliest stage, every action that needs to ⁠be taken is taken so that the people of Hungary, for whose benefit those funds were intended, can benefit from them at the earliest stage,” he said.

The Commission froze access to the funds because the outgoing government of Viktor Orban did not comply with EU standards of rule of law.

The talks will focus on what needs to be done to unblock the funds, but could also include issues such as Hungary’s return to the Erasmus student-exchange scheme, ⁠suspended since the start of 2023 over concerns regarding academic freedom in Hungary.

They could also include lifting Hungary’s outgoing government’s veto for EU refunds for military equipment that individual EU countries have sent to Ukraine to help Kyiv ​fend off the Russian invasion since 2022, officials said.

(Reporting ​by Jan Strupczewski; Editing by Alison Williams)

Copyright 2026 Thomson Reuters.

Photos You Should See – April 2026

SHREVEPORT, LOUISIANA - APRIL 20: Children huddle to pray during a memorial gathering on April 20, 2026 in Shreveport, Louisiana. Eight children were killed and two women were wounded during a domestic violence incident in the early morning hours of April 19th, according to local authorities. (Photo by Brandon Bell/Getty Images)

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