[1] Businessman Péter Zwack became party chairman in 1992,[2] and the party formed several alliances prior to the 1994 elections, running joint candidates with the Agrarian Alliance, the Alliance of Free Democrats and Fidesz, as well as running its own independent campaign as the "Liberal Civic Alliance–Entrepreneurs Party".
[3] The party ran alone and on a joint list with the New Alliance for Hungary in the 1998 elections, but failed to win a seat.
On 13 January 2007, the VP had its party status removed and it was reclassified as a civil association as it was unable to run separately in the previous two elections.
Following this decision, the VP was de facto integrated into Fidesz, resulting in party chairman Antal Császár leaving the Fidesz parliamentary group.
[4] * Limit for parties to join the National Assembly in Hungary is 5 % of popular votes