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Péter Magyar Sworn In as Hungary’s Prime Minister, Ending Orbán’s 16-Year Rule

The new government aims to repair EU ties to unlock up to €18 billion in frozen funds.

Overview

  • Magyar, elected by Parliament on Saturday with 140 votes, took office with a two‑thirds majority as Tisza holds 141 of 199 seats.
  • Parliament signaled a pro‑EU shift by raising the EU flag and singing Ode to Joy, and Magyar named the release of blocked EU money as his first test.
  • He outlined a cleanup drive that includes a new Office of Recovery to trace and reclaim public assets moved into private hands and a plan to join the EU’s anti‑fraud prosecutor.
  • Authorities and reporters described early steps to probe deals from the Orbán era, with media also noting suspected capital flight to foreign accounts after the election.
  • Magyar warned the budget deficit could near 7% of GDP this year, which adds urgency to securing EU funds to stabilize state finances and keep projects moving.