Peter Magyar Sworn in as Hungary's Prime Minister, Ending Viktor Orban's 16-Year Rule
Peter Magyar has been inaugurated as Hungary's new prime minister following a decisive victory in the parliamentary elections, which concluded Viktor Orban's 16-year tenure. Magyar, leading the center-right Tisza party, secured a significant parliamentary majority, winning 141 out of 199 seats. His rise to power is marked by promises of economic revival and improved relations with the European Union, which had been strained under Orban's leadership. The new administration aims to address economic stagnation and a substantial budget deficit, while also seeking to unlock approximately $20 billion in EU funds that were previously frozen due to concerns over human rights and rule of law issues during Orban's rule.