In a historic parliamentary election in Hungary, Viktor Orbán's Fidesz Party suffered a significant defeat, securing only 55 out of 199 seats. Péter Magyar, a former Fidesz member and leader of the reformist Tisza Party, is set to become Prime Minister with a commanding two-thirds majority of 138 seats. Magyar's leadership marks a potential shift away from Orbán's 'illiberal democracy', characterized by increased centralization and corruption. He has vowed to implement sweeping reforms aimed at reviving the economy, tackling corruption, and improving social services. Additionally, Magyar plans to raise defense spending to meet NATO's target of 5% of GDP by 2035. However, he has also promised to adopt a stricter immigration policy. As Hungary's relationship with Russia remains complicated due to energy dependencies, Magyar has indicated a willingness to negotiate with Moscow while distancing himself from Orbán's pro-Russian stance. His victory also signals a potential shift in Hungary's political alignment, particularly in relation to the United States, challenging the previous administration's close ties to former President Donald Trump.