Péter Magyar ousts Viktor Orbán

The landslide victory has been greeted with relief in Brussels and Kyiv, as Magyar has pledged to lift Hungary's veto on critical funding for Ukraine.

The incoming leader faces the daunting task of dismantling the entrenched system of oligarchic control established during the Orbán era.

European leaders, including Ursula von der Leyen, have already held preliminary talks with Magyar to discuss the unfreezing of EU funds.

The defeat is seen as a major blow to the global far-right populist movement, which had long viewed Orbán's Hungary as a model for 'illiberal democracy.'