Magyar Secures EU Funds, Boosts Hungary's Economy

0:00It's April 29th. Global news today starts now, AI-powered and always on. Hungary's new political star, Peter Magyar, just wrapped up some big talks in Brussels with European Commission President Ursula von der Leon. Fresh off his Tisza party's landslide win on April 12th, he's pushing to unmark billions in frozen EU funds that got stalled under the old victor. Urban government for rule of law issues. Those funds total 11 billion euros from the post-pandemic recovery plan, worth about $13 billion, and Hungary has to grab them by, mid-August, or lose them forever. Magyar called the meeting extremely constructive and said the cash should flow in soon. Both sides sounded optimistic afterward. Von der Leon described it as a very good exchange focused on fixing corruption and rule of law problems to release the money. Magyar added that the EU is in pushing any deals that hurt Hungary's interests. This comes after Tisza snagged a two-thirds majority in parliament, giving Magyar the

1:01power to tweak laws, or even the constitution fast. EU officials figure that supermajority means quick action on these time-sensitive funds, and he's already met European Council President Antonio. Coast to two. Magyar plans to head back to Brussels the week of May 25th to seal the political agreement, sending Hungary up for a fresh economic boost as the new government takes the reins.