Following the Hungarian Revolution of 1956, the party was revived under the name Petőfi Party and served in the short-lived new government. During the transition to democracy (1989–90), members of the Péter Veres Society re-established the party under the name Hungarian People's Party (MNP) on 11 June 1989 and participated in the Opposition Round Table Talks. The MNP had high hopes regarding the first democratic elections in 1990, however they received only 0.8% of the vote. After that the presidium took the name of Hungarian People's Party–National Peasant Party. Shortly before the 1994 parliamentary elections, two-thirds of the membership joined the National Democratic Alliance (NDSZ) led by Zoltán Bíró and Imre Pozsgay. The MNP–NPP was wiped out by the end of the decade.