This updated review considers the magmatic processes in the Carpathian-Pannonian Region (CPR) during Early Miocene to Recent times, as well as the contemporaneous magmatism at its southern boundary in the Dinaride and Balkans regions. This geodynamic system was controlled by the Cretaceous to Neogene subduction and collision of Africa with Eurasia, especially by Adria that generated the Alps to the north, the Dinaride-Hellenide belt to the east and caused extrusion, collision and inversion tectonics in the CPR. This long-lived subduction system supplied the mantle lithosphere with various subduction components. The CPR contains Neogene to Quaternary magmatic rocks of highly diverse compositions (calc19 alkaline, K-alkalic, ultrapotassic and Na-alkalic) that were generated in response to complex post-collisional tectonic processes. These processes formed extensional basins in response to an interplay of compression and extension within two microplates: ALCAPA and TiszaDacia. Competition between the different tectonic processes at both local and regional scales caused variations in the associated magmatism, mainly a result of extension and differences in the rheological properties and composition of the lithosphere. Extension led to disintegration of the microplates that finally developed into two basin systems: the Pannonian and Transylvanian basins. The southern border of the CPR is edged by the Dinaride and Balkans (Sava and Vardar zones) that acted as a regional extensional tectonic setting during Miocene times. This extension was associated with small volume volcanism in narrow extensional sedimentary basins or granitoids in core-complex detachment systems. Major, trace element and isotopic data of magmatic rocks from the CPR suggest that subduction components were preserved in the lithospheric mantle after the CretaceousMiocene subduction and were reactivated especially by asthenosphere uprise via extension. Pre-collisional subduction-related volcanic activity is absent from the CPR area. Changes in the composition of the mantle through time support geodynamic scenarios of collision and extension that are linked to the evolution of the main blocks and their boundary relations. Weak lithospheric blocks (i.e. ALCAPA and western Tisza) generated the Pannonian basin and the adjacent Styrian, Transdanubian and Zărand basins which show high rates of vertical movement accompanied by a range of magmatic compositions. Strong lithospheric blocks (i.e. Dacia) were only marginally deformed, as in the northern and eastern part of the Transylvanian basin, where strike-slip faulting was associated with magmatism and extension. Strike slip tectonic and core complex extension was associated with small volume volcanism along older suture zones (Sava zone and Vardar zone) accommodating the extension in the Pannonian basin. Various magmas acted as lubricants in a range of tectonic processes.