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With Viktor Orbán Gone, Will Hungary Embrace Free Markets Under Péter Magyar?

Apr 14, 2026Center Right

Hungary’s voters turned against the poster boy of the national conservative movement.

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Viktor Orbán concedes defeat after 16 years in power in Hungary

After 16 years in power, Hungarian Prime Minister Viktor Orbán conceded defeat in the country's parliamentary election as Peter Magyar’s center-right Tisza Party was projected to win. NBC News' Molly Hunter reports on the landslide result that could affect the European Union and Ukraine.

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Trump Ally Viktor Orbán Concedes Defeat in Hungary Election

Voters in Hungary ousted long-serving Prime Minister Viktor Orbán after 16 years in power, marking a stunning defeat for the close ally of both President Donald Trump and Russian President Vladimir Putin. The winner, Péter Magyar, has pledged to rebuild Hungary’s relationships with the European Union and NATO.

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