European Union unlocks billions in funding for Hungary after rapid reforms by new leader Magyar

The European Union will unlock 16.4 billion euros (around $19 billion) in funds for Hungary, officials said Friday, after new Prime Minister Péter Magyar enacted rapid reforms to roll back the democratic backsliding that occurred under his predecessor. The release of the funds was a signal of Brussels' embrace of the new government in Budapest after

Hungary's PM in Brussels frozen funds talks with EU chief

Hungary's new prime minister, Peter Magyar, will meet European Union chief Ursula von der Leyen on Friday as Budapest pushes to secure a rapid release of billions of euros in frozen EU funds. Magyar, who defeated longtime nationalist leader Viktor Orban in an election in April, has been eager to show progress in securing badly needed funds that were

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