Prime Minister Peter Magyar and European Commission President Ursula von der Leyen announced a deal that could free up over €16 billion in EU funds for Hungary. Now, Magyar's new government needs to deliver.

Hungary faces an end-of-August deadline to complete dozens of reforms tied to EU funds

Magyar is hoping to unblock over €10.4bn in frozen EU post-pandemic Covid funds following a planned meeting on Friday with European Commission president Ursula von der Leyen.