Ursula von der Leyen later due to meet new Hungarian leader who is seeking to unlock EU funds in return for reforms

AFP is reporting that so far, officials in Brussels are hopeful that Péter Magyar – who once served under Viktor Orbán, before turning on his former boss – will genuinely launch a new chapter in ties.

But wary of celebrating too soon, they insist they need to see concrete moves and not just kind words.

“A huge mandate, a strong mandate, a great responsibility!

We know our task: we will bring home the EU funds that Hungarians are entitled to. More soon.”

Incoming PM Péter Magyar accuses Fidesz-linked figures of trying to shield their wealth from accountability

Along the banks of the Danube, news that the Viktor Orbán era had come to an end set off an hours-long party. The joy echoed across Hungary as people traded hugs and high-fives. For some, however, the landslide loss set off a frantic scramble.

Private jets allegedly laden with the spoils of those whose wealth swelled during Orbán’s 16 years in power have steadily been taking off from Vienna, while other individuals are racing to invest their assets abroad, sources have told the Guardian. Meanwhile, high-level figures close to Orbán have been looking into US visa options, hoping to find work at Maga-linked institutions.

Ursula von der Leyen hails ‘good news’ after Hungary’s lifting of vetoes allows leaders to sign off on agreements

EU leaders have welcomed the end of diplomatic deadlock over a long-awaited €90bn (£78bn) loan for Ukraine, after the bloc completed the agreement along with a 20th sanctions package against Russia.

After weeks of delay, the EU signed off on the loan on Thursday, in time for a summit in Cyprus that began in the evening and will include talks over a dinner with the Ukrainian leader, Volodymyr Zelenskyy.

Move comes after Hungary and Slovakia dropped opposition following reopening of the Druzhba oil pipeline

Meanwhile, Ukraine’s president Volodymyr Zelenskiy said that Kyiv will seek to receive the first tranche of the €90bn European Union loan by the end of May, or early June.

“This is strengthening of our army,” he told reporters in a WhatsApp chat, reported by Reuters.

Agreement for urgently needed loan reached after Ukraine resumed pumping Russian oil to Hungary and Slovakia

EU member states have reached agreement on unblocking an urgently needed €90bn (£78bn) loan for Kyiv and a new package of sanctions against Moscow after Ukraine resumed pumping Russian oil to Hungary and Slovakia, prompting Budapest to lift its veto.

Cyprus, which holds the bloc’s rotating presidency, said member states’ ambassadors had agreed to launch “written procedures” for the final approval of the loan and the sanctions package, with formal signoff on both due by Thursday afternoon.

European Union formal procedures expected to conclude on Thursday as Druzhba pipeline reopens

During his press conference, Fico also doubles down on his criticism of the incoming Hungarian government led by Péter Magyar, in a further sign that the relations between Bratislava and Budapest could change dramatically in the next few months.

Fico has been close friends with Orbán, often teaming up with him on energy issues, but it doesn’t look like this Slovak-Hungarian partnership will continue under the new management in Budapest.

ECJ says law passed in 2021 is discriminatory and ‘contrary to the identity of the union’, in early test for new PM

The EU’s highest court has found Hungary’s anti-LGBTQ+ law to be discriminatory, stigmatising and in breach of basic democratic values, setting up an early test for the incoming government when it takes power next month.

In a wide-ranging judgment, the European court of justice said the 2021 law that bans content about LGBTQ+ people from schools and primetime TV was at odds with a society based on pluralism and fundamental rights, such as prohibition of discrimination and freedom of expression.