Peter Magyar has unveiled key ministers for Hungary's new government, tasked with repairing European ties and relaunching the stagnant economy after his Tisza party ended Viktor Orban's 16-year rule in a landslide victory. Among seven ministers announced, energy expert Anita Orban becomes foreign minister while economist Andras Karman takes the finance portfolio.

Karman has set an ambitious target of Hungary meeting euro adoption criteria within four years, signaling the new government's commitment to economic reform. Economy minister Istvan Kapitany plans to shift resources toward supporting small and medium enterprises, breaking with Fidesz's strategy of backing national champions and offering tax incentives to foreign investors.

The incoming leadership's swift action on appointments and policy direction has reassured investors, with Bank of America economist Mai Doan noting their effective governance and EU fund negotiations have begun. The appointment of three women to senior positions marks a stark contrast to Orban's all-male government, reflecting the political reset Hungary has undergone.