Hungary PM Magyar ready to meet Ukraine's Zelenskiy in post-Orban reset - Finance news and analysis from Global Banking & Finance Review
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Hungary PM Magyar ready to meet Ukraine's Zelenskiy in post-Orban reset

Published by Global Banking & Finance Review

Posted on June 2, 2026

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· Last updated: June 2, 2026

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Hungary's New PM Magyar Ready for Zelenskiy Talks in EU Relations Reset

By Andreas Rinke and Anita Komuves

Magyar's Diplomatic Efforts and EU Relations

BERLIN/BUDAPEST, June 2 (Reuters) - Hungarian Prime Minister Peter Magyar said on Tuesday he was ready to meet Ukrainian President Volodymyr Zelenskiy next week to open a new chapter in relations after ousting Moscow-friendly predecessor Viktor Orban in an election.

Prospects for Hungary-Ukraine Relations

Visiting Berlin, Magyar said he was ready to meet Zelenskiy if technical negotiations on the rights of the Hungarian minority in neighbouring Ukraine were finished this week, and that he was optimistic the issue could be solved.

EU Support for Ukraine and Hungary's Role

Warmer relations between Hungary and Ukraine are pivotal for the European Union's backing for Kyiv in Russia's war in Ukraine, with Orban having opposed the flow of billions of euros in aid to Ukraine and its EU membership.

Negotiations on Minority Rights

"So far, the negotiations are progressing very encouragingly, and we hope that they may even be concluded at the technical level this week," Magyar, who was alongside German Chancellor Friedrich Merz, said about minority rights.

"And here in Berlin, I can repeat that I am ready to meet Ukrainian President Volodymyr Zelenskiy sometime early next week, provided we do indeed reach an agreement on these fundamental human rights."

Hungary Builds Ties with EU States

HUNGARY BUILDS TIES WITH EU STATES

Magyar was in Berlin on a trip that will also take him to Paris on Wednesday as his government looks to build ties with other EU countries after fractious relations under Orban.

Unlocking EU Funds and Anti-Corruption Reforms

Since taking office after April's election, Magyar has secured agreement to unlock €16.4 billion of EU recovery and cohesion funds that were frozen under Orban, vowing to push ahead with anti-corruption reforms. 

Magyar's election win also paved the way for €90 billion of EU funds to flow to Ukraine. Orban had opposed transferring the funds in a dispute over energy supplies.

Ethnic Hungarian Minority and EU Accession

While Magyar takes a less confrontational approach to Kyiv, he says progress on the rights of 150,000 ethnic Hungarians in Ukraine to use their native tongue is essential if Budapest is to agree to Ukraine joining the EU.

EU Membership Debate and Merz's Initiative

In May, Merz pushed an initiative to give Ukraine "associate" EU membership as a first step, a proposal Zelenskiy saw as unfair because it would leave Kyiv without a voice in the bloc. 

"We understand that Budapest wants to clarify bilateral issues first, such as the rights of the Hungarian minority in Ukraine," Merz said. "However, this must not be at the expense of European support, nor should it deter us from our goal of formally opening the accession negotiations with Ukraine now with the first chapter."

New Era in Hungary's European Relations

Merz hailed a new start in relations under Magyar following Orban's 16-year rule, saying: "Democracy and the rule of law in Hungary are strong again. We trust him to lead Hungary back to the heart of Europe."

"Peter Magyar has proven that the pendulum doesn't just swing in one direction — towards the illiberal or even authoritarian. It can also swing back, impressively, to the centre."

Magyar's European Tour

Magyar visited Poland in May, then Austria. After visiting Germany and France, he will host the Irish prime minister in Budapest this week. 

(Reporting by Andreas Rinke and Anita Komuves; Writing by Matthias Williams, Editing by Timothy Heritage)

Key Takeaways

  • Magyar is ready to meet Zelenskiy next week, conditional on resolving minority‑rights talks this week (euronews.com)
  • He has unlocked or is close to unlocking €16.4 billion in EU recovery funds, contingent on anti‑corruption and rule‑of‑law reforms (euronews.com)
  • Opening Ukraine’s EU accession process depends on Kyiv guaranteeing implementation of an 11‑point list on minority rights (euronews.com)

References

Frequently Asked Questions

Why is Hungary's new prime minister meeting Ukraine's president?
Peter Magyar wants to reset relations and discuss minority rights after ousting Viktor Orban, paving the way for EU aid to Ukraine.
What key issue must be resolved for Hungary to support Ukraine's EU membership?
Hungary requires progress on the rights of its ethnic minority in Ukraine, specifically the right to use their native language.
What changes has Peter Magyar made in Hungary's EU relations?
Magyar has unlocked €16.4 billion in EU funds and improved Hungary's relationships with other EU states by vowing anti-corruption reforms.
Which European leaders has Peter Magyar met or planned to meet during his diplomatic push?
Peter Magyar has visited Poland, Austria, Germany, and France, and will host the Irish prime minister in Budapest.

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