European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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Budapest is the economic, commercial, financial, administrative and cultural centre of Hungary. Its economic, social, institutional, educational and R&D related performance indicators are far above the national average. With a high concentration of research capacities in the capital, its innovation performance is outstanding among all Hungarian regions, albeit meagre in comparison to other capital regions in Europe. Budapest has an area of 525 km2 and had a population of 1,752,286 inhabitants in 2019 (Eurostat, 2020).

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