On May 9, 2026, Péter Magyar took his oath of office as Hungary's new prime minister, concluding a 16-year period of Viktor Orbán's governance. Magyar, representing the center-right Tisza party, led his coalition to a remarkable parliamentary victory, securing a two-thirds majority and allowing for the potential rollback of many of Orbán's controversial policies.

In a heartfelt address to tens of thousands of supporters gathered outside the parliament, Magyar emphasized the empowerment of ordinary citizens in overcoming what he described as a “vicious tyranny.” He committed to restoring democratic institutions and government checks and balances that had eroded during Orbán’s administration.

Magyar's administration is poised to transform Hungary's political landscape, focusing on revitalizing ties with the European Union, addressing rampant corruption, and ensuring governmental transparency. He confirmed plans to investigate past abuses and hold former officials accountable for misconduct during Orbán's tenure, including the formation of a National Asset Recovery Office.

Upon his election, Magyar's administration garnered immediate praise, with indications of political realignment within the EU. His government aims to restore Hungary's standing within the bloc, which had been strained under Orbán's rule, particularly concerning issues such as Ukraine and rule-of-law violations.

As one of his initial moves, Magyar has proposed a series of reforms intended to unfreeze approximately €17 billion ($20 billion) in EU funds that had been suspended due to concerns over governance and corruption during the previous administration. The new prime minister's ambitious agenda includes plans to limit the prime minister's terms and enhance civil liberties, setting a new course for Hungary as it seeks to re-engage with Western democratic ideals.