ByREUTERS, SHIR PERETS
Updated:

Hungary's new Prime Minister, Peter Magyar, granted veto power to four key ministers on Tuesday as his center-right government took office following the parliamentary confirmation hearings for his ministers.

Magyar and his ministers took their oath of office the same day, completing the formation of his cabinet.

Magyar said the health, justice, education, and finance ministers would have veto power over government decisions because they faced what he called the most complex tasks in the upcoming government cycle.

EU agreed to sanction several Israeli settlers

Shortly after his inauguration, the EU agreed to sanction several Israeli settlers who committed acts of violence against Palestinians.

Hungarian Prime Minister Peter Magyar and Foreign Minister elect Anita Orban listen to Speaker of the House's speech on the day new members of government take their oath of office in the Parliament, in Budapest, Hungary, May 12, 2026.
Hungarian Prime Minister Peter Magyar and Foreign Minister elect Anita Orban listen to Speaker of the House's speech on the day new members of government take their oath of office in the Parliament, in Budapest, Hungary, May 12, 2026. (credit: BERNADETT SZABO / REUTERS)

Predecessor Viktor Orban often used a veto to block EU sanctions on Israel.

The most significant change in the sanctions list is its focus on institutional and financial bodies, not only individuals.

The central target is Amana, a major settlement organization, with asset freezes and transaction bans expected to complicate its activity with financial institutions.