Hungarian Prime Minister Viktor Orbán — a powerful far-right figure allied with US President Donald Trump — has conceded defeat in the country's election.

After 16 years in power, Mr Orbán said he would serve the country from opposition, with centre-right ⁠candidate Peter Magyar's Tisza Party on course for a parliamentary super majority.

• GUEST: Dr Péter Balázs, former Hungarian minister of foreign affairs and Hungary's first member of the European Commission
• PRODUCER: Eddy Diamond