India, April 13 -- Hungary's veteran nationalist leader Viktor Orban conceded defeat on Sunday after a landslide election victory by the upstart opposition Tisza party, ending his 16-year grip on power. With approximately 87.8% of votes counted, the centre-right, pro-EU Tisza party of Peter Magyar has won a historic supermajority, securing 138 seats in the 199-seat parliament-well above the 133-seat threshold needed to amend the constitution.
Orban's ruling Fidesz-KDNP alliance was reduced to just 54 seats, while the far-right Our Homeland party won 7 seats. "The election result is painful for us, but clear," Orban said at the Fidesz campaign offices, confirming his party will now serve in opposition.
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