Living in Budapest

Budapest is the capital of Hungary.  As the largest city of Hungary, it serves as the country's principal political, cultural, commercial, industrial, and transportation center and is considered an important hub in Central Europe. In 2009, Budapest had 1,712,210 inhabitants, down from a mid-1980s peak of 2.1 million. The Budapest Commuter Area is home to 3,271,110 people. The city covers an area of 525 square kilometers (202.7 sq mi) within the city limits. Budapest became a single city occupying both banks of the river Danube with a unification on 17 November 1873 of right (west)-bank Buda and Óbuda with left (east)-bank Pest.

Regarded as one of the most beautiful cities in Europe, its extensive World Heritage Site includes the banks of the Danube, the Buda Castle Quarter, Andrássy Avenue, Heroes' Square and the Millennium Underground Railway, the second oldest in the world. Other highlights include a total of 80 geothermal springs, the world's largest thermal water cave system, second largest synagogue, and third largest Parliament building. The collections of the Natural History Museum and the Museum of Fine Arts are also significant.

The city ranked 3rd (out of 65 cities) on Mastercard's Emerging Markets Index (2008), and ranked as the most livable Central/Eastern European city on EIU's quality of life index (both 2009 & 2010). It attracts over 20 million visitors a year. The headquarters of the European Institute of Innovation and Technology (EIT) and the first foreign office of the CIPA will be in Budapest.