Hungary's long-standing prime minister, Viktor Orban, has conceded defeat in the country's recent election.
Orban, who has been in power for 16 years, acknowledged his loss by stating, "I've congratulated the victorious party." This statement marks a significant shift in the country's political landscape.
The victorious party is led by opposition leader Peter Magyar and is known as the Tisza party. Orban's concession paves the way for Magyar to take the reins as Hungary's new prime minister.
This change in leadership comes after Orban's 16-year tenure, during which he has been a dominant figure in Hungarian politics.
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