New Delhi, April 18 -- Hungarian Prime Minister Viktor Orban said Thursday that his populist-nationalist Fidesz party will require a "complete renewal" following its landslide election loss on Sunday which brought an end to Orban's 16 years in power.

The earthquake election delivered a powerful two-thirds majority in Hungary's Parliament to Orban's center-right opponent, the Tisza party led by Peter Magyar. The scope of the loss led to speculation on whether Orban would resign his role as his party's president, a position he's held almost without interruption since the early 1990s.

In an interview with a pro-Orban YouTube channel on Thursday, Orban said that "a political era has ended," but suggested he would not step aside and was alre...