Viktor Orbán concedes election defeat in Hungary

Viktor Orbán has conceded defeat in Hungary's parliamentary election. He thanked his voters and acknowledged the loss after more than half of the votes were counted, with results showing his opponent's party securing a two-thirds majority.

His opponent, Péter Magyar, declared victory, stating "We have liberated Hungary" and that his party would be a strong ally to the European Union. Magyar, a former ally of Orbán, detailed his campaign strategy to defeat the long-time leader.

The election marks a historic shift, ending Orbán's bid for a fifth consecutive term. International media reported on the concession as a major political change in the country.