Hungarian Prime Minister Viktor Orbán has acknowledged defeat in the country's parliamentary election, ending his 16-year tenure in power. The projected victory belongs to Peter Magyar's center-right Tisza Party, with results indicating a landslide outcome. NBC News correspondent Molly Hunter reports on the significant political shift, which carries potential implications for both the European Union and Ukraine's geopolitical landscape.
The election result marks a dramatic change in Hungary's political direction after nearly two decades of Orbán's leadership. Observers are closely watching how this transition might reshape the nation's relationships with its European partners and its stance on regional matters. The Tisza Party's anticipated win signals a new chapter in Hungarian governance, with the full extent of policy changes yet to unfold as the final results are confirmed and power changes hands.