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Orbán Steps Down; Magyar Leads Coalition Unlocking €32B Funds

4/26/2026

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Summary

Story summary

Viktor Orbán announced he will return his parliamentary mandate and will not take his seat after Fidesz lost its majority.
Péter Magyar became prime minister after his coalition secured 141 of 199 seats with 79.5% turnout, giving it authority to reverse judicial capture and corruption.
Péter Magyar announced a Asset Recovery and Protection Office, plans to join the European Public Prosecutor’s Office and to unlock about €32 billion of EU funds.

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Story summary

Viktor Orbán announced he will return his parliamentary mandate and will not take his seat after Fidesz lost its majority.
Péter Magyar became prime minister after his coalition secured 141 of 199 seats with 79.5% turnout, giving it authority to reverse judicial capture and corruption.
Péter Magyar announced a Asset Recovery and Protection Office, plans to join the European Public Prosecutor’s Office and to unlock about €32 billion of EU funds.