Hungary defeated Spain in a penalty shootout to win the Men's European Water Polo Championship ©Getty Images

Hungary defeated Spain in a penalty shootout to win the Men's European Water Polo Championship in Budapest. 

The hosts started the gold medal match at Danube Arena slowly, losing the first quarter 3-1. 

They recovered in the second quarter, scoring three goals, before drawing the third quarter 2-2. 

With Spain edging the final quarter 4-3, the clash went to a shootout, which Hungary won 5-4. 

It is Hungary's 13th European title, but their first since 1999 in Florence. 

Hungary overcame Spain in a shoot-out after a close encounter ©Getty Images
Hungary overcame Spain in a shoot-out after a close encounter ©Getty Images

Spain are still yet to win the tournament, with this result now their third second place finish after 2018 and 1991. 

Montenegro claimed the bronze medal after narrowly beating Croatia 10-9.

Five-time champions Serbia had to make do with fifth place following a 8-7 victory against Italy, while Greece overcame Russia 11-9 to come seventh. 

Ninth went to Germany, who triumphed 9-8 against Georgia.