Viktor Orbán concedes defeat, ending 16-year rule in Hungary

Hungarian Prime Minister Viktor Orbán conceded defeat this week, marking the end of his 16-year tenure. Voter turnout reached the highest levels since the fall of communism, with exit polls indicating a possible super-majority victory for Péter Magyar's Tisza movement. Orbán congratulated Magyar in a concession speech less than three hours after polls closed, as ballots continued to be counted. The trend suggests a potential two-thirds majority for Magyar, which would enable him to reverse constitutional changes made by Orbán that weakened judicial independence and solidified Fidesz's political dominance.

This election is significant not only for Hungary but also for Europe and Ukraine. Orbán's administration has been characterized by its Kremlin-friendly stance and frequent clashes with European Union partners, particularly regarding support for Ukraine amidst ongoing conflict. The outcome of this election may shift Hungary's alignment within the EU and impact its approach to issues such as funding for Kyiv's war effort. The campaign attracted international attention, with U.S. Vice President JD Vance and former President Trump publicly supporting Orbán, who has been accused of corruption and misuse of EU funds, allegations he denies.

What to watch: The focus will now shift to the formation of a new government and potential legislative changes under Magyar's leadership, particularly regarding judicial reforms and Hungary's relationship with the EU.