Hungarian Prime Minister Viktor Orban is poised to lose his re-election effort, with more than half the ballots counted, and has already conceded.

The longtime Prime Minister's defeat could reshape Hungary's ties to the E.U., Ukraine, and the global far-right movement he helped inspire.

The long-serving prime minister concedes defeat to Péter Magyar, who has promised closer EU ties and an anti-corruption drive.

Peter Magyar's center-right Tisza party is projected to win Hungary's parliamentary election, bringing an end to 16 years of authoritarian rule under Viktor Orbán, a far-right ally of both President Donald Trump and Russian President Vladimir Putin.

Veteran Hungarian Prime Minister Viktor Orbán has conceded defeat in a parliamentary election and congratulated Péter Magyar, leader of the opposition party Tisza and a former member of the ruling Fidesz party.

Opinion polls published just after voting was due to end suggested challenger Péter Magyar could oust the prime minister.

Polling started at 0400 GMT Orban, ruling since 2010, faces discontent over stagnant economy Upstart centre-right Tisza party tipped to defeat Orban's Fidesz EU, Russia, US are closely monitoring Sunday's election Outcome uncertain due to undecided voters,

BUDAPEST—Prime Minister Viktor Orbán conceded that he had lost Hungary’s election on Sunday, as early results showed a stunning defeat for the politician who has ruled the country for 16 years and been an ally of President Trump.