Most élsz = 'You live now', or rather 'It's now when you live'. The singer's name is in Hungarian name order, i.e. Máté is the surname and Péter the given name.
Time is melting like a pale hoarfrost
and the passing happiness will come to an end
you are standing there alone, a leaf on the hilltop
you are greeted by sleepy moonlight, and carried away by the wind.
But until then, there is hope, every minute is a celebration
because there is always hope, you must believe, so please believe it.
It's now when you live, so take care to do it right
because even your slightest mistake will take its revenge
It's now when you live, so be happy now because the summer is beautiful
be happy now, for there is someone waiting for you, to hold you in his arms
Passing pleasures on the stage of our desolate existence
when the heart is thumping on hearing a word
Unfortunately it will end, we know this since the beginning
beyond the mist of our dreams, we are called by the nothingness
But until then, there is hope, every minute is a celebration
because there is always hope, you must believe, so please believe it.
It's now when you live, so take care to do it right
because even your slightest mistake will take its revenge
It's now when you live, so be happy now because the summer is beautiful
be happy now, for there is someone waiting for you, to hold you in his arms