Incoming Hungarian Prime Minister Peter Magyar is set to meet European Commission President Ursula von der Leyen for informal talks in Brussels on Wednesday.

It comes as he pushes to reboot Hungary's ties with the EU , which took a major hit during Viktor Orban's tenure.

What to expect from Magyar's Brussels visit?

Magyar is looking to convince the bloc to unlock around €18 billion ($21 billion) in funding that had been frozen over rule-of-law concerns under his predecessor.

"There is no time to waste," Magyar ​said in a statement.

When Magyar's government takes charge next month, it would have only until the end of August to try and secure €10 billion left over from EU pandemic recovery funds, or lose them for good.

Magyar previously outlined ​four crucial areas where his Cabinet would push reforms to claim the EU cash:

Anti-corruption measures, which would entail joining the European Public Prosecutor's Office

Restoring and bolstering the independence of the judiciary

Restoring media and academic…