Hungarian Prime Minister Peter Magyar and European Commission President Ursula von der Leyen announced an agreement in Brussels, Belgium, on May 29 to unlock 16.4 billion euros ($19.1 billion) in EU post-pandemic recovery and cohesion funds for Hungary that had been frozen under the previous government. Von der Leyen said the disbursement remains conditional on reforms and the implementation of investments.

Magyar's center-right Tisza party won April's parliamentary election with a two-thirds supermajority, ending 16 years of former Prime Minister Viktor Orban's self-described "illiberal" rule. Under Orban's leadership, his Fidesz party centralized power and weakened institutional checks, triggering prolonged rule-of-law disputes with Brussels that led the European Commission to freeze cohesion and recovery funds over corruption concerns. Magyar pledged to restore Hungary as a "strong ally" in the European Union and NATO and to revive an economy that has been largely stagnant since the pandemic. His supermajority also enables constitutional changes and the replacement of senior officials previously appointed under Orban.