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European Commission President Ursula von der Leyen, right, greets Hungary's Prime Minister Peter Magyar prior to a meeting at EU headquarters in Brussels, Friday, May 29, 2026

Video. Hungary unlocks €16.4bn in EU funds after Magyar secures deal

Updated:

Hungarian Prime Minister Péter Magyar reached an agreement with the European Commission to unblock nearly all recovery and cohesion funds that had been frozen under his predecessor, Viktor Orbán.

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