Hungarian Prime Minister Peter Magyar delivers a speech before the agenda in the main hall of the Parliament on June 23, 2026, during an extraordinary session of the National Assembly.
| Photo Credit: AFP
Hungarian lawmakers on Tuesday (June 23, 2026) approved anti-corruption measures, part of new Prime Minister Peter Magyar's sweeping reform drive and aimed at helping the country get billions of euros in withheld European Union funds.The EU announced late last month it would unlock more than 16 billion euros ($18 billion) for Hungary that had been frozen over rule-of-law concerns during nationalist Viktor Orban's rule, if Budapest stays on track with a major reform push.Pro-EU conservative Magyar ousted Orban from office after 16 years in power in an April election on a promise of "regime change". The anti-graft legislation easily passed Parliament with 142 votes for, 39 against and three abstentions.Magyar's party holds more than two-thirds of Parliamentary seats, enabling it to change key laws and amend the constitution without Opposition support.Anti-graft agency strengthenedThe legislation expands the legal powers of the anti-graft watchdog, the Integrity Authority, which was established in late 2022 as part of an earlier EU-mandated reform package.Under the new regulations, the organisation will scrutinise asset declarations and can seek continuation of anti-corruption investigations through the courts and suspend procurement processes to protect EU funds.In addition, the legislation prescribes stricter transparency requirements for the ownership structures of private equity funds.It also orders public interest asset management foundations, so-called KEKVAs, to be dissolved, with the state reclaiming assets granted to these entities under Orban's rule estimated to be worth a total of 8.5 billion euros.The bill also tightens the rules around politicians' annual asset declarations, criminalising deliberate omissions.The EU froze billions of euros in funds earmarked for Budapest because of democratic backsliding, graft concerns and the restriction of LGBTQ rights under Orban's rule.The money — which Magyar said adds up to about 13% of Hungary's budget — could help his government revive the country's flagging economy.EU officials said if all steps are completed in time, Budapest could expect the first disbursement before the end of the year.Public media overhaulEarlier Tuesday (June 23, 2026), Parliament also passed legislation on reforming the generously funded state-run media, which Orban was accused of turning into propaganda organs for his party and government.As part of the overhaul, a television and radio broadcaster will be established from the existing public media companies, while news agency MTI will be a separate non-profit once again.Under the new rules, Parliament will allocate budgets to the new organisations, which are expected to be less than the approximately 450 million euros they were earmarked for this year.Company directors will be terminated under the bill, with culture minister Zoltan Tarr assuming leadership during an interim period, until new managers are selected through a tender.The bills, along with several other proposed laws adopted in recent weeks, were fast-tracked through Parliament, prompting criticism that Magyar like his predecessor Orban is rushing through legislation.On Monday (June 22, 2026), lawmakers voted to change procedural rules, temporarily raising the cap on urgent deliberations and exceptional procedures until the end of the year. Published - June 23, 2026 10:42 pm IST
