Péter Magyar and his victorious Tisza party have wasted no time preparing for the transfer of power in Hungary after their dramatic landslide defeat of Viktor Orbán last Sunday.

They won 52% of the vote to put an end to his party's 16 years of continuous rule, which translates into 141 seats in the 199-seat National Assembly. Orbán's Fidesz has slumped from 135 to 52 seats.

The count will be finalized on Saturday - including recounts in closely tied constituencies and votes cast abroad.

Magyar has secured a pledge from President Tamás Sulyok to expedite the formation of the new parliament to the week beginning May 4. Parliament can then elect the new government.

He also gave combative interviews to public service TV and radio, which have largely ignored or attacked him for the past two years, promising to suspend their news programs until impartial editors can be appointed.

With a super-majority of over two-thirds of seats in parliament, Magyar plans to limit prime ministerial terms to two, potentially preventing Orbán from returning, having already served five.

It was late on Thursday that Orbán broke his silence after the defeat, acknowledging, This is the end of an era, while assigning personal responsibility for the outcome.

Rumors of imminent arrests for corruption swirl around Budapest, with Tisza supporters calling for accountability for individuals who benefitted unlawfully from the previous regime. Matthew Magyar's tough tone seems both emotional and tactical.

The new government is expected to face multiple challenges, including addressing Hungary's economic downturn and restoring international relations, particularly with the EU, which has withheld €17bn in funds pending rule of law improvements.