Hungary’s MOL is facing mounting difficulties in its planned acquisition of Serbia’s NIS oil company, as Belgrade hardens its negotiating stance and fresh political uncertainty emerges following Viktor Orbán’s electoral defeat. Questions are also growing over whether Hungary’s incoming Tisza government will continue backing the strategically important deal as the 22 May deadline nears.
Without outgoing Viktor Orbán of Hungary and with President Volodymyr Zelenskyy of Ukraine in attendance at the EU Summit in Cyprus, the EU is expected to approve its €90 billion loan package to Ukraine and impose a 20th sanctions package on Russia. However, the most pressing issue will be the energy crisis on the Old Continent, as the Strait of Hormuz remains closed in the US–Iran conflict.
Despite Tisza candidate Péter Magyar finally ousting the long-reigning conservative Fidesz party and PM Viktor Orbán in Hungary, many of the supporters of Magyar still feel anxiety and are unable to rejoice. The left-leaning Telex felt that this was a common enough phenomenon to warrant an article of its own, where they spoke to two psychologists about the issue.
The European Commission is visiting Budapest on Friday to discuss over €30 billion in frozen funds with Péter Magyar’s incoming government, as Hungary races to meet strict EU conditions by August. The 27 ‘super milestones’ were long rejected by outgoing prime minister Viktor Orbán as an attack on sovereignty.
Prime Minister-elect Péter Magyar of Hungary has pledged to move Hungary’s PM office from the Carmelite Monastery, breaking with Viktor Orbán’s legacy, despite being formerly aligned with the Fidesz party. The new headquarters will be near Parliament, signaling a symbolic shift away from Buda Castle governance.
Ukrainian President Volodymyr Zelenskyy said the Druzhba pipeline could resume operations by the end of April, linking its restart to Hungary lifting its veto on a €90 billion EU loan to Kyiv. Viktor Orbán has previously accused Ukraine of halting transit for political reasons to support his opposition during the election campaign, which resulted in Fidesz–KDNP’s defeat.
Péter Magyar of the Tisza Party has been elected the ninth Prime Minister of the Third Hungarian Republic. Here are ten interesting facts about the man who unseated Prime Minister Viktor Orbán of Hungary after 16 years of consecutive reign.
European leaders reacted swiftly to Hungary’s election result, congratulating Péter Magyar on his victory while also acknowledging the legacy of Viktor Orbán after his defeat.
Voting has begun across Hungary’s 10,047 polling stations, with around 7.5 million eligible voters expected to cast their ballots. Prime Minister Viktor Orbán also voted in Budapest, urging high turnout.
In the final poll by the American polling firm McLaughlin & Associates ahead of the 2026 Hungarian parliamentary election, Prime Minister Viktor Orbán is leading MEP Péter Magyar’s Tisza Party by 5.3 points nationally, 42.6–37.3. McLaughlin only released one public national poll for the 2024 US presidential election, but that one poll proved to be remarkably accurate.
At a time when public debate is increasingly polarized and superficial, Hungarian Conservative remains committed to depth and independent thought.
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