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PM Magyar Seeks to Drop EU Lawsuit, Unlock €16.4bn Funds

6/19/2026

Summary

Story summary

Prime Minister Peter Magyar will ask Parliament to withdraw the 2024 lawsuit against the European Commission.
The lawsuit, filed after the Commission released €10.2 billion in 2023 and urged Budapest to drop its €50 billion aid veto, was dismissed as unrelated to the veto despite claims by European Parliament members.
The Commission said reforms under Magyar’s government could unlock €16.4 billion of frozen recovery and cohesion funds, starting in the fourth quarter.

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Story summary

Prime Minister Peter Magyar will ask Parliament to withdraw the 2024 lawsuit against the European Commission.
The lawsuit, filed after the Commission released €10.2 billion in 2023 and urged Budapest to drop its €50 billion aid veto, was dismissed as unrelated to the veto despite claims by European Parliament members.
The Commission said reforms under Magyar’s government could unlock €16.4 billion of frozen recovery and cohesion funds, starting in the fourth quarter.