EU officials have arrived in Budapest, Hungary, to engage in high-stakes negotiations with the newly elected government led by Péter Magyar of the Tisza party. This visit comes shortly after Viktor Orbán's significant electoral defeat, marking the end of his 16-year leadership. The Tisza party's supermajority allows it to amend the constitution, potentially reversing many of Orbán's policies that favored an 'illiberal democracy'. The discussions are critical for Hungary as they aim to resolve the country's veto on a €90 billion loan to Ukraine and unlock approximately €17 billion in frozen EU funds. These funds are contingent upon Hungary meeting conditions related to corruption checks and academic freedom, with a deadline approaching as some funds may expire by the end of August. Magyar's administration is under pressure to deliver on campaign promises while navigating the institutional constraints left by Orbán's Fidesz party. The EU is keen to foster a cooperative relationship with the new government to avoid a return to the contentious dynamics experienced during Orbán's tenure. Magyar has already signaled a break from the past by calling for the resignation of key judicial and media authorities associated with the previous regime, emphasizing a commitment to reform and transparency.