Peter Magyar, Hungary's newly elected prime minister, is set to meet with European Commission President Ursula von der Leyen in Brussels to discuss the unblocking of approximately €10 billion ($11.7 billion) in EU pandemic recovery funds. This meeting comes after Magyar's landslide victory on April 12, which ended the 16-year rule of nationalist Prime Minister Viktor Orban. Magyar's administration plans to swiftly implement measures to combat corruption and restore media and academic freedoms in order to meet the EU's requirements and avoid losing the funds by the end of August. Orban's government previously faced significant clashes with the EU over issues related to the rule of law and human rights, resulting in the freezing of these funds. Following Magyar's election, Hungary's economy, which has been stagnant for three years, has shown signs of recovery, with financial markets rallying and the forint currency appreciating in value.