Viktor Orbán Concedes Defeat, Ending 16-Year Rule in Hungary

Hungarian Prime Minister Viktor Orbán has conceded defeat in the recent national elections, bringing an end to his 16-year tenure. This outcome marks a significant political shift in Europe, with a record 78% voter turnout. The opposition Tisza Party, led by Péter Magyar, secured a landslide victory, winning 138 out of 199 seats in the National Assembly, which grants them a two-thirds parliamentary majority. Orbán acknowledged the result as "painful but unambiguous," while Magyar celebrated the "overthrow" of the previous regime. This election saw voters reject Orbán's long-standing policies in favor of a pro-European challenger, a result described as a "democratic earthquake" with global repercussions.