Center-right leader Peter Magyar was sworn in as Hungary's prime minister on Saturday, propelled into office on promises of change after years of economic stagnation and strained ties with key allies under his predecessor Viktor Orban.

Magyar defeated nationalist Orban after 16 years in power in an April 12 election landslide, handing his Tisza party a constitutional majority that will allow him to roll back reforms critics say have weakened democracy.

Foreign investors and Hungarians alike have welcomed Magyar's victory, with the forint hitting four-year highs against the euro, bond yields falling and post-election polls showing more voters backing Tisza.

But any honeymoon for the 45-year-old leader may be short-lived, with the clock ticking to secure billions of euros in suspended European Union funding needed to kick-start the economy and shore up strained public finances.

Magyar inherits an economy that only just emerged from stagnation in the first quarter and now faces fresh headwinds from surging energy costs linked to the Middle East conflict, which could weigh heavily on Europe's import-reliant economy.

He has pledged to reaffirm Hungary's Western orientation. The NATO member had been seen as drifting towards the Kremlin under Orban, who opposed EU efforts to support Ukraine against Russia's invasion.

Magyar, who has pledged a sweeping anti-corruption drive, aims to broker a deal with EU leaders to unlock suspended EU funding by May 25.

DESCRIPCIÓN DE IMÁGENES

BUDAPEST, HUNGARY (MAY 9, 2026) (HUNGARIAN PARLIAMENT-Access all)

1. NEW MEMBERS OF PARLIAMENT IN HUNGARIAN PARLIAMENT

2. HUMGARIAN PRIME MINISTER-ELECT PETER MAGYAR SEATED IN PARLIAMENT

3. INTERIOR OF HUNGARIAN PARLIAMENT WITH RESULTS OF VOTES FOR AND AGAINST ON SCREEN

4. MAGYAR SEATED / MAGYAR STANDS AS OTHER MEMBERS OF PARLIAMENT CLAP HIM BEING APPROVED

5. MAGYAR WALKING AND ACKNOWLEDGING STANDING OVATION

6. MEMBERS OF PARLIAMENT CLAPPING

7. MAGYAR SMILING AND ACKNOWLEDGING CLAPPING

8. WIDES OF PARLIAMENT CLAPPING / MAGYAR LOOKING ON

9. GUARDS WITH FLAGS COMING IN DURING FANFARE, VARIOUS

10. TRUMPETERS IN PARLIAMENT DURING FANFARE

11. PARLIAMENT DURING FANFARE

12. MAGYAR GOES TO FLAG BEARER

13. MAGYAR STANDING HOLDING HUNGARIAN FLAG IN HIS HAND

14. OATH BEING READ OUT

15. MAGYAR TAKING THE OATH WHILE HOLDING THE FLAG

16. VARIOUS OF MAGYAR SIGNING THE OATH

BUDAPEST, HUNGARY (MAY 9, 2026) (REUTERS-Access all)

17. PEOPLE GATHERED OUTSIDE HUNGARIAN PARLIAMENT BUILDING

18. EU FLAG WAVING ON PARLIAMENT BUILDING

19. PEOPLE GATHERING OUTSIDE PARLIAMENT WITH FLAGS

20. VARIOUS OF PEOPLE WAVING HUNGARIAN FLAGS

21. WOMEN SMILING AND WAVING

22. MAN WAVING HUNGARIAN FLAG IN THE CROWDS

23. MAN WAVING EU FLAG IN FRONT OF PARLIAMENT BUILDING

BUDAPEST, HUNGARY (MAY 9, 2026) (TISZA PARTY HANDOUT-Access all)

24. VARIOUS DRONE SHOTS OF CROWDS IN FRONT OF PARLIAMENT

25. DRONE SHOT OF PARLIAMENT SQUARE

26. DRONE SHOT SHOWING HUNGARIAN PARLIAMENT BUILDING