• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
EuropeElections
Europe

Hungarian voters oust Viktor Orbán, a close ally of Trump and Putin, despite late campaign push from JD Vance

By
Justin Spike
Justin Spike
,
Sam McNeil
Sam McNeil
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Justin Spike
Justin Spike
,
Sam McNeil
Sam McNeil
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 12, 2026, 5:05 PM ET
Hungarian Prime Minister Viktor Orban waves to supporters at the Balna centre in Budapest during Hungary's general election on April 12, 2026.
Hungarian Prime Minister Viktor Orban waves to supporters at the Balna centre in Budapest during Hungary's general election on April 12, 2026.Attila KISBENEDEK / AFP via Getty Images

Hungarian voters on Sunday ousted long-serving Prime Minister Viktor Orbán after 16 years in power, rejecting the authoritarian policies and global far-right movement that he embodied in favor of a pro-European challenger in a bombshell election result with global repercussions.

Recommended Video

Election victor Péter Magyar, a former Orbán loyalist who campaigned against corruption and on everyday issues like health care and public transport, has pledged to rebuild Hungary’s relationships with the European Union and NATO — ties that frayed under Orbán. European leaders quickly congratulated Magyar.

It’s not yet clear whether Magyar’s Tisza party will have the two-thirds majority in parliament to govern without a coalition. With 77% of the vote counted, it had more than 53% support to 38% for Orbán’s governing Fidesz party.

It’s a stunning blow for Orbán, a close ally of both U.S. President Donald Trump and Russian President Vladimir Putin. Orbán conceded defeat after what he called a ″painful″ election result.

“I congratulated the victorious party,″ Orban told followers. “We are going to serve the Hungarian nation and our homeland from opposition,″ he said.

‘’Thank you, Hungary!” Magyar posted on X, as thousands of his supporters thronged the banks of the Danube in Budapest, chanting “We got it! We did it!”

Orbán, the EU’s longest-serving leader and one of its biggest antagonists, who has traveled a long road from his early days as a liberal, anti-Soviet firebrand to the Russia-friendly nationalist admired today by the global far-right.

Voters showed up in droves

Turnout by 6:30 p.m. was over 77%, according to the National Election Office, a record number in any election in Hungary’s post-Communist history.

The parties of both Orbán and Magyar said they had received reports of electoral violations, suggesting some results could be disputed by both sides.

“I’m asking our supporters and all Hungarians: Let’s stay peaceful, cheerful, and if the results confirm our expectations, let’s throw a big, Hungarian carnival,” Magyar said.

Mark Radnai, Tisza’s vice president, also called for reconciliation after a tense campaign. “We can’t be each other’s enemies. Reach out, hug your neighbors, your relatives. It’s the day of reunification.”

‘Choice between East or West’

The EU will be waiting to see what Magyar does about Ukraine. Orbán repeatedly frustrated EU efforts to support Ukraine in its war against Russia’s full-scale invasion, while cultivating close ties to Putin and refusing to end Hungary’s dependence on Russian energy imports.

Recent revelations have shown a top member of Orban’s government frequently shared the contents of EU discussions with Moscow, raising accusations that Hungary was acting on Russia’s behalf within the bloc.

Orbán occupied an outsized role in far-right populist politics worldwide.

Members of Trump’s “Make America Great Again” movement are among those who see Orbán’s government and his Fidesz political party as shining examples of conservative, anti-globalist politics in action, while he is reviled by advocates of liberal democracy and the rule of law.

Casting his ballot in Budapest, Marcell Mehringer, 21, said he was voting “primarily so that Hungary will finally be a so-called European country, and so that young people, and really everyone, will do their fundamental civic duty to unite this nation a bit and to break down these boundaries borne of hatred.”

Strained relationship with the EU

During his 16 years as prime minister, Orbán launched harsh crackdowns on minority rights and media freedoms, subverted many of Hungary’s institutions and been accused of siphoning large sums of money into the coffers of his allied business elite, an allegation he denies.

He also heavily strained Hungary’s relationship with the EU. Although Hungary is one of the smaller EU countries, with a population of 9.5 million, Orbán has repeatedly used his veto to block decisions that require unanimity.

Most recently, he blocked a 90-billion euro ($104 billion) EU loan to Ukraine, prompting his partners to accuse him of hijacking the critical aid.

His challenger came from the inside

Magyar, 45, rapidly rose to become Orbán’s most serious challenger.

A former insider within Orbán’s Fidesz, Magyar broke with the party in 2024 and quickly formed Tisza. Since then, he has toured Hungary relentlessly, holding rallies in settlements big and small in a campaign blitz that recently had him visiting up to six towns daily.

In an interview with The Associated Press earlier this month, Magyar said the election will be a “referendum” on whether Hungary continues on its drift toward Russia under Orbán, or can retake its place among the democratic societies of Europe.

Tisza is a member of the European People’s Party, the mainstream, center-right political family with leaders governing 12 of the EU’s 27 nations.

Uphill election battle

Magyar faced a tough fight. Orbán’s control of Hungary’s public media, which he has transformed into a mouthpiece for his party, and vast swaths of the private media market give him an advantage in spreading his message.

The unilateral transformation of Hungary’s electoral system and gerrymandering of its 106 voting districts by Fidesz also will require Tisza to gain an estimated 5% more votes than Orbán’s party to achieve a simple majority.

Additionally, hundreds of thousands of ethnic Hungarians in neighboring countries had the right to vote in Hungarian elections and traditionally have voted overwhelmingly for Orbán’s party.

Russian secret services have plotted to interfere and tip the election in Orbán’s favor, according to numerous media reports including by The Washington Post. The prime minister, however, has accused neighboring Ukraine, as well as Hungary’s allies in the EU, of seeking to interfere in the vote to install a “pro-Ukraine” government.

Such accusations are part of why many in the EU see Orbán as a danger to the bloc’s future.

But across the Atlantic, Trump and his MAGA movement are all-in for another Orbán term. Trump repeatedly endorsed the Hungarian leader and U.S. Vice President JD Vance made a two-day visit to Hungary last week meant to help push Orbán over the finish line.

About the Authors
By Justin Spike
See full bioRight Arrow Button Icon
By Sam McNeil
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Europe

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Europe

After Trump cuts aircraft and warships, NATO’s top military officer refocuses Europe’s defense plans on ‘things that we can acquire quickly’
EuropeNATO
After Trump cuts aircraft and warships, NATO’s top military officer refocuses Europe’s defense plans on ‘things that we can acquire quickly’
By The Associated Press and Lorne CookJune 12, 2026
8 hours ago
t
North AmericaWhite House
Trump hosts World Cup on 80th birthday with the Strait of Hormuz still shut and oil above $90 per barrel
By Aamer Madhani, Farnoush Amiri, Lisa Mascaro and The Associated PressJune 12, 2026
9 hours ago
albania
Europeprotests
Ivanka called it captivating. Protesters call it destruction: What to know about the Kushner unrest in Albania
By Zana Cimili and The Associated PressJune 12, 2026
9 hours ago
Roche and Nestlé fear talent crunch as Switzerland puts population cap to the polls
EuropeSwitzerland
Roche and Nestlé fear talent crunch as Switzerland puts population cap to the polls
By Sam ForsdickJune 12, 2026
10 hours ago
An Osasuna player passes the ball while under pressure from Getafe rival.
CryptoSpain
Controversy swirls over Spanish soccer club accused of using novel $600,000 Kalshi wager to bet on its relegation
By Camila Grigera NaonJune 12, 2026
16 hours ago
defense
PoliticsDefense
Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
By Jill Lawless, Danica Kirka and The Associated PressJune 11, 2026
23 hours ago

Most Popular

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
3 days ago
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
By Jim EdwardsJune 12, 2026
14 hours ago
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
2 days ago
Current price of oil as of June 12, 2026
Personal Finance
Current price of oil as of June 12, 2026
By Joseph HostetlerJune 12, 2026
12 hours ago
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
Success
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 2026
1 day ago
Current price of oil as of June 11, 2026
Personal Finance
Current price of oil as of June 11, 2026
By Joseph HostetlerJune 11, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.