Hungary’s New Leader Faces Post-Orban Economic Hurdles

Peter Magyar on April 12.Photographer: Akos Stiller/Bloomberg

Hungary’s next leader will lay out his plans on Monday to shore up the economy and dismantle Prime Minister Viktor Orban self-styled illiberal system, a day after a landslide election win over the nationalist premier who had been backed by Donald Trump and Russian President Vladimir Putin.

Peter Magyar campaigned on a promise to improve the living standards of ordinary Hungarians, restore the rule of law and bring down Orban’s 16-year old illiberal system. Key to that will be to unlock frozen European Union funds as well as to bring Hungary back to the European mainstream.