Hungary 's reform progress under its new government will allow the European Commission to unlock previously frozen EU recovery and cohesion funds worth €16.4 billion (roughly $19.1 billion), Commission President Ursula von der Leyen said in Brussels on Friday.

She was speaking to reporters after talks with Hungary's new Prime Minister Peter Magyar , who defeated his predecessor Viktor Orban in elections last month.

Under Orban's leadership, Budapest and Brussels had frequently clashed — both over domestic Hungarian issues and foreign policy matters like support for Ukraine amid Russia's invasion .…