Ungarn

Hungary is currently undergoing a significant political transformation following the recent parliamentary elections. The long-standing rule of Viktor Orbán has ended, with opposition leader Péter Magyar and his Tisza party emerging victorious. This "Machtwechsel" (change of power) has been met with considerable optimism and celebration within Hungary, with some describing the euphoria as surpassing that of 1989. The markets have reacted positively, with the Budapest stock index rising and the national currency strengthening. This shift is also prompting a re-evaluation of international relations, with Bavarian state officials planning to meet with the new leadership. Domestically, there are hopes for a return to press freedom, which had been curtailed under Orbán's government. The events in Hungary are also being closely watched in Germany, with discussions about the implications of right-wing populism and illiberal democracy. The outcome is seen by some as a demonstration that democracy can endure even after an illiberal phase.