Berliner Boersenzeitung - Orban loses Hungary vote to pro-Europe newcomer Magyar

EUR -
AED 4.265149
AFN 73.734357
ALL 94.87853
AMD 427.559728
ANG 2.078987
AOA 1065.389106
ARS 1668.352542
AUD 1.64174
AWG 2.090131
AZN 1.984563
BAM 1.956801
BBD 2.339897
BDT 142.614174
BGN 1.963423
BHD 0.437878
BIF 3473.101158
BMD 1.161184
BND 1.488361
BOB 8.057121
BRL 5.920999
BSD 1.161794
BTN 109.802163
BWP 15.566962
BYN 3.216445
BYR 22759.205183
BZD 2.336595
CAD 1.62499
CDF 2695.108316
CHF 0.920761
CLF 0.026131
CLP 1028.436958
CNY 7.846643
CNH 7.846282
COP 4006.595507
CRC 529.170667
CUC 1.161184
CUP 30.771374
CVE 110.322379
CZK 24.155239
DJF 206.365651
DKK 7.474884
DOP 68.154861
DZD 154.44092
EGP 58.198774
ERN 17.417759
ETB 187.303605
FJD 2.568481
FKP 0.864936
GBP 0.864676
GEL 3.071289
GGP 0.864936
GHS 13.069685
GIP 0.864936
GMD 84.181122
GNF 10176.292744
GTQ 8.855606
GYD 243.024305
HKD 9.096059
HNL 31.066623
HRK 7.534576
HTG 151.727608
HUF 349.227275
IDR 20598.241874
ILS 3.385663
IMP 0.864936
INR 109.718238
IQD 1521.965368
IRR 1597501.710129
ISK 144.393669
JEP 0.864936
JMD 183.743984
JOD 0.823267
JPY 186.298032
KES 150.280333
KGS 101.545322
KHR 4665.386314
KMF 493.502656
KPW 1045.065951
KRW 1752.028782
KWD 0.357807
KYD 0.968195
KZT 566.564915
LAK 25565.076367
LBP 104037.5145
LKR 389.212431
LRD 211.448154
LSL 18.751953
LTL 3.428674
LVL 0.702389
LYD 7.40185
MAD 10.741487
MDL 20.27337
MGA 4827.469219
MKD 61.623003
MMK 2437.791198
MNT 4153.048637
MOP 9.373595
MRU 46.369117
MUR 54.854591
MVR 17.940299
MWK 2014.530419
MXN 19.985595
MYR 4.724389
MZN 74.210129
NAD 18.751791
NGN 1576.388574
NIO 42.534289
NOK 11.00656
NPR 175.682347
NZD 1.989201
OMR 0.446485
PAB 1.161794
PEN 3.957758
PGK 5.089647
PHP 69.982813
PKR 323.239519
PLN 4.237636
PYG 7089.626297
QAR 4.247209
RON 5.228349
RSD 117.382897
RUB 84.182911
RWF 1722.881242
SAR 4.356872
SBD 9.364996
SCR 17.069764
SDG 697.292618
SEK 10.869431
SGD 1.488678
SHP 0.866941
SLE 28.739259
SLL 24349.450841
SOS 663.93388
SRD 43.349312
STD 24034.163093
STN 24.512538
SVC 10.165287
SYP 128.348096
SZL 18.748428
THB 37.727173
TJS 10.769709
TMT 4.064144
TND 3.400739
TOP 2.795853
TRY 53.754103
TTD 7.892037
TWD 36.591929
TZS 3042.305338
UAH 52.031362
UGX 4298.1985
USD 1.161184
UYU 46.904395
UZS 13953.257163
VES 687.160379
VND 30539.137567
VUV 138.026398
WST 3.183056
XAF 656.292689
XAG 0.016526
XAU 0.000268
XCD 3.138158
XCG 2.093853
XDR 0.817122
XOF 656.298344
XPF 119.331742
YER 277.057604
ZAR 18.792409
ZMK 10452.048108
ZMW 20.534503
ZWL 373.900754
  • RBGPF

    2.1500

    62.87

    +3.42%

  • RYCEF

    0.4300

    18.63

    +2.31%

  • CMSC

    0.0050

    22.345

    +0.02%

  • CMSD

    0.0200

    22.34

    +0.09%

  • RELX

    -0.1600

    32.68

    -0.49%

  • BCC

    0.1100

    71.7

    +0.15%

  • RIO

    0.4950

    106.385

    +0.47%

  • NGG

    0.8650

    82.435

    +1.05%

  • VOD

    -0.1100

    14.89

    -0.74%

  • BCE

    -0.2350

    23.805

    -0.99%

  • JRI

    0.0290

    12.809

    +0.23%

  • GSK

    0.0850

    52.315

    +0.16%

  • BP

    -0.4750

    41.115

    -1.16%

  • AZN

    1.2120

    178.482

    +0.68%

  • BTI

    0.1300

    61.19

    +0.21%

Orban loses Hungary vote to pro-Europe newcomer Magyar
Orban loses Hungary vote to pro-Europe newcomer Magyar / Photo: Ferenc ISZA - AFP

Orban loses Hungary vote to pro-Europe newcomer Magyar

Congratulations from across Europe poured in Monday for Hungarian political newcomer Peter Magyar, who defeated nationalist Viktor Orban in elections seen as a blow to right-wing populism worldwide.

Text size:

Orban, a self-described "thorn" in the EU's side and defender of "illiberal democracy", lost Sunday's elections after 16 years in power, despite vocal support from both US President Donald Trump and Russia's Vladimir Putin, as Hungarians fed up with corruption gave Magyar a decisive victory.

Magyar's party, Tisza, won a thumping majority in the parliamentary elections, which drew record turnout and sent tens of thousands of jubilant supporters into the streets to celebrate as car horns sounded in the capital, Budapest.

Leaders across the EU welcomed Magyar's win, including French President Emmanuel Macron, who hailed a victory for the "values of the European Union", and German Chancellor Friedrich Merz, who called it a "heavy defeat" for "right-wing populism".

Crowds of Magyar supporters celebrated into the early morning hours outside his party's election headquarters on the banks of the Danube river, waving Hungarian flags and dancing.

"I feel fantastic!" Zoltan Sziromi, a 20-year-old student celebrating in the crowd, told AFP.

"We've finally got rid of that system, and it was about time."

- 'Back on track' -

Magyar, who arrived waving the Hungarian flag, told the cheering crowd that voters had "liberated Hungary", calling his party's win a "miracle" in the central European country of 9.5 million people.

"Today, the Hungarian people have said 'yes' to Europe," the 45-year-old conservative told supporters.

He promised to "restore the system of checks and balances..., guarantee the democratic functioning of our country" and put Hungary "back on track".

Acknowledging it was an "enormous" task, he called for unity, saying the victory belonged to "all Hungarians".

With 98.94 percent of precincts counted, Tisza secured a two-thirds majority, with 138 seats in the 199-seat parliament on 53.07 percent of the vote, according to official election results. Orban's Fidesz took 55 seats on 38.4 percent of the vote.

As first results came in earlier Sunday, Orban, 62, conceded defeat, saying the results were "clear and understandable".

"For us, they are painful but unambiguous," Orban told reporters.

Turnout in the election reached a record 79.56 percent, according to the near-complete vote count.

Orban, who was seeking a fifth straight term, has transformed his country into a model of "illiberal democracy", clashing with the EU over rule-of-law issues, as well as over support for war-torn Ukraine.

Magyar, a former government insider, burst onto the scene just two years ago, promising to fight corruption and offering better public services. He drew support against a backdrop of economic stagnation, and despite an electoral system skewed in favour of Orban's Fidesz party.

Ahead of the vote, both Orban's and Magyar's camps had alleged foreign interference in the campaign.

US Vice President JD Vance visited Hungary days ahead of the vote to rally with Orban, attacking the alleged interference in Hungary of EU "bureaucrats".

Trump had promised to bring US "economic might" to Hungary if Orban's party won.

- Travel warning lifted -

Neera Tanden, president and CEO of the Center for American Progress, said Orban's defeat was a "major blow to those who have looked to Viktor Orban's corrupt model as a blueprint -- including Donald Trump himself.

"This is a resounding defeat for authoritarianism that echoes far beyond Hungary's borders," Tanden added.

Orban, who has blocked EU decisions in support of Ukraine as the neighbouring country fights off Russia's invasion, had focused on making the issue the central topic of his campaign, portraying Kyiv as "hostile" to Hungary.

Ukrainian President Volodymyr Zelensky has pledged to work with Magyar -- who opposes sending military aid to Ukraine and a quick EU accession for the country -- "for the benefit of both nations, as well as peace, security, and stability in Europe".

Ahead of the vote, Orban had also vowed to continue his crackdown against "fake civil society organisations, bought journalists, judges (and) politicians".

Fidesz supporters gathered for the results-watching event in Budapest were stunned.

"I am a Fidesz supporter with all my heart," Juliana Varga Szabo, a 58-year-old teacher, told AFP, tears in her eyes, saying that perhaps she had been living in a "bubble".

"Now that bubble is burst. I won't change my values. We'll just have to see what the future brings," she said.

(K.Müller--BBZ)