Hungary’s Orban concedes defeat as voters deliver sweeping rebuke to 16-year rule

Apr 12, 2026 | INVESTING

Viktor Orban’s 16-year grip on Hungary is over. The Hungarian Prime Minister had conceded the election in a phone call with Peter Magyar, the leader of the main opposition Tisza Party.
“The election result is painful but clear, I congratulated the winning party,” Orban said from his election headquarters in Budapest.
The result is a resounding rebuke to a government marked by authoritarianism and corruption, and by closer ties with Beijing, Moscow and Donald Trump’s Washington over…

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