Hungary: Orbán’s fall confirms the revenge of the ballot box on illiberal dirigisme

After sixteen years of almost uninterrupted power, Viktor Orbán acknowledged his defeat against opposition leader Péter Magyar, whose Tisza party emerged victorious in the legislative elections on April 12, 2026. This change marks the end of a political cycle emblematic of Central Europe and opens a high-stakes sequence for the markets, Brussels, and regional balances…....