Overview
- Magyar, who announced the plan in Brussels on Thursday, said he will formally notify EU leaders of Hungary’s intention to join the European Public Prosecutor’s Office (EPPO).
- He told reporters that a political deal to free roughly €10.4 billion in recovery money is very close while some corruption-related conditions remain to be settled.
- Magyar is due to meet European Commission President Ursula von der Leyen to conclude a political agreement that could unlock the €6.5 billion in grants and €3.9 billion in loans before an August 31 deadline.
- The EPPO has the power to investigate and prosecute crimes that harm the EU budget, a change that reverses 16 years of Budapest’s refusal under Viktor Orbán.
- Unlocking the funds matters for Hungarian households and the state budget because the economy has stagnated and delayed payments include multi‑billion structural transfers that would finance public projects and services.