India, April 13 -- Hungary's recent parliamentary election has brought a major political shift after veteran leader Viktor Orban conceded defeat following 16 years in power with nearly 90% of votes counted, opposition leader Peter Magyar and the Tisza Party secured a projected two-thirds parliamentary majority, marking a dramatic change in Hungary's political direction. Orban, who has dominated Hungarian politics since 2010 formally accepted the results and congratulated his rival.

Trump Ally Orban Defeated in Hungary After 16 Years in Power

The outcome also carries international implications as US political allies of Orban, including Donald Trump, had publicly supported him during the campaign. Trump and his circle had signaled potenti...