Trending Now - Hungary's Magyar Engages EU Leaders to Unlock Funding Access

WHO:

ABC News Business - Hungarian Prime Minister Péter Magyar is meeting with European Commission President Ursula von der Leyen.

Politico - Hungary’s Foreign Minister Anita Orbán is involved in the discussions.

WHAT:

ABC News Business - Magyar is seeking to unblock EU funds during his meeting with EU leadership.

Politico - The European Court of Justice is expected to rule on the Commission’s 2023 decision to release about €10 billion in frozen funds to Hungary.

Politico - The European Parliament challenged the Commission’s decision, arguing it overlooked ongoing democratic and judicial issues in Hungary.

WHERE:

ABC News Business - The meeting is taking place in Brussels.

Politico - The European Court of Justice is the location for the upcoming ruling.

WHEN:

Politico - The European Court of Justice is expected to rule in the coming weeks.

WHY:

Politico - Brussels has concerns regarding Hungary's ability to deliver reforms quickly without triggering a constitutional crisis.

Politico - The Commission is wary of accusations of moving too quickly on funding for Hungary after previous issues with fund releases.

HOW:

Politico - The Commission is demanding that reforms be completed, not just promised, before releasing the funds.

Politico - The meeting was publicly trailed by Budapest while the Commission initially refused to confirm it, highlighting a disconnect in communication.

(UPDATED May 29, 2026 14:01 UTC)

Hungarian Prime Minister Péter Magyar is currently in Brussels meeting with European Commission President Ursula von der Leyen and Foreign Minister Anita Orbán, as he seeks to unblock EU funds. The European Court of Justice is expected to rule in the coming weeks on a decision to release about €10 billion in frozen funds to Hungary, a ruling challenged by the European Parliament due to ongoing concerns about democratic and judicial issues in the country. The Commission is insisting that Hungary must complete necessary reforms before any funds are released, reflecting a cautious approach following previous controversies over funding.