Hungary's 16-Year Orbán Era Ends; Péter Magyar Takes Office as PM

On May 9, Péter Magyar, 45, was sworn in with 140 votes in favor and 54 against, ending Viktor Orbán's 16-year rule. The Tisza party secured 141 of 199 parliamentary seats, and the EU flag was raised in parliament for the first time in 12 years. The new government has prioritized unlocking approximately $20 billion in EU cohesion funds that were frozen.