Information on Budapest

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Budapest voted 2nd best city in the world by Condé Nast Traveller is situated right in the heart of Europe along the two banks of the River Danube. It is a lively, friendly city with a continental climate. It has succeeded in adapting to the modern world while preserving its rich historic past. The city offers a wealth of entertainment and cultural activities, museums, concerts, theatres, opera as well as discos, jazz clubs, elegant shops and good food. An excellent inexpensive public transport system of buses, trolleybuses, trams and underground lines extends all across the city.


General Information

Budapest is the capital of Hungary and the largest city with over 1.7 million inhabitants. Budapest became a single city occupying both banks of the river Danube with a unification in 1873 of right-bank Buda and Óbuda with left-bank Pest.

The city has 23 districts, IBS is in the third district in Buda.

See on google map!

Budapest's top attractions

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, the second largest synagogue, and third largest Parliament building.

Considered an important hub in Central Europe, the city ranked 3rd (out of 65 cities) on Mastercard's Emerging Markets Index (2008), and ranked as the most liveable Central/Eastern European city on EIU's quality of life index (both 2009 & 2010). It is also ranked as "Europe's 7th most idyllic place to live" by Forbes. It attracts about 2.3 million tourists a year.

See more here!

Night-life and entertainment

Budapest is a city famed for its nightlife. There are hundreds of music pubs, bars, and cafés open around the clock.

 There are also plenty of other ideas for a fun night out, ranging from theatres and jazz venues to casinos and rock/pop events.  For those after a dose of culture, a visit to the city’s majestic State Opera House, the brand new National Theatre or the concert hall of the Palace of Arts makes for an unforgettable evening.
If you are up for great relaxation, you may want to visit some of Budapest’s world-famous thermal baths

Public transportation

Budapest has a relatively inexpensive public transport system owned by the state with 3 underground lines (’metró’ in Hungarian), 5 suburban train lines (’HÉV’ in Hungarian), trams, buses and trolley buses.

Budapest has a relatively inexpensive public transport system owned by the state with 3 underground lines (’metró’ in Hungarian), 5 suburban train lines (’HÉV’ in Hungarian), trams, buses and trolleybuses. The fastest way to get to a place is by vehicles that run on rails (metro, suburban trains and trams).

Tickets or passes are checked by inspectors who move freely on buses and trams in teams and ask for your ticket. Nowadays in most metro stations, uniformed inspectors stand either at the entrance or the exit and everybody has to show their tickets or passes. With your student card, you are entitled to buy a student pass (valid for 30 days).

Banking in Budapest

The official currency of Hungary is the forint (HUF). Common paper bills are the 20,000, 10,000, 5,000, 1,000 and 500 forint bills. The coins come in 200, 100, 50, 20, 10, 5. As of March 1, 2008 coins 2 and 1 are no longer accepted.

The official currency of Hungary is the forint (HUF). Common paper bills are the 20,000, 10,000, 5,000, 1,000 and 500 forint bills. The coins come in 200, 100, 50, 20, 10, 5. As of March 1, 2008 coin 2 and 1 are no longer

Most banks require a valid residence permit and an address card to opening a bank account. However, some banks allow foreigners to open an account with just the presentation of a passport.

You will be charged a fee to open the account and you will also have to pay to get a bank card and for account management services. Banks are usually open on weekdays from 8 am until 4-5 pm, they are not open on Saturdays except some branches in shopping malls/centres.

Credit Cards, Debit Cards and Cheques

All the most popular credit, debit and charge cards (AMEX, Diners Club, Cirrus, EnRoute, Euro/Mastercard, JCB and VISA) can be used in banks and in ATM’s to withdraw Forints, and to pay bills in hotels, restaurants and shops. Look for the signs displayed at the entrance showing which cards are accepted.


Currency exchange machines and ATMs operate 24 hours a day in Budapest. Major credit cards are accepted.

Traveller's Cheques

There is usually a commission for cashing traveller's cheques at banks and you can use your bank or credit card to get cash at post offices. Please note that stores usually will not accept traveller’s cheques.

Major Bank Headquarters in Budapest 

(please find local branches on their websites)            
  • Budapest Bank, Address: 1138 Budapest - Váci út 188.
    Phone: (+36-1) 455 5555, Website:
  • CIB Bank, Address: 1027 Budapest - Medve u. 4-14.
    Phone: (+36-1) 212 1330, Website:
  • Citibank , Address: 1054 Budapest - Szabadság tér 7.
    Phone: (+36-1) 374 5000, Website:
  • Commerzbank, Address: 1054 Budapest - Széchenyi rakpart 8.
    Phone: (+36-1) 374 1000, Website:
  • Deutsche Bank, Address: 1054 Budapest - Hold utca 27.
    Phone: (+36-1) 301 3700, Website:
  • Erste Bank, Address: 1054 Budapest - Hold utca 16.
    Phone: (+36-1) 40 222 222, Website:
  • K&H Bank, Address: 1051 Budapest - Vigadó tér 1.
    Phone: (+36-1) 328 9000, Website:
  • OTP Bank, Address: 1051 Budapest - Nádor utca 16.
    Phone: (+36-1) 366 6666, Website:
  • Raiffeisen Bank, Address: 1054 Budapest - Akadémia utca 6.
    Phone: (+36-1) 484 4888, Website:
  • WestLB, Address: 1075 Budapest - Madách Imre út 13/14.
    Phone: (+36-1) 268 1680, Website:
  • Unicredit Bank, Address: 1054 Budapest - Szabadság tér 5-6.
    Phone: (+36-1) 301 1271, Website:

Currency calculator

Pharmacies, postal services near IBS

The following pharmacies and postal services are available near IBS' Budapest campus:

The following pharmacies and postal services are available near IBS' Budapest campus:

Pharmacies near IBS and night pharmacies

Postal services

The Hungarian Post Office (Magyar Posta) is a state-owned and -operated company with no true competitors in the market for regular mail delivery. Besides normal mail delivery, Magyar Posta also offers logistics, banking, and marketing services.

The nearest post office is in Auchan.

Accommodation in Budapest

Stay in the IBS on-campus Residence Hall and walk to school!

IBS Residence Hall 

The on-campus residence hall offers comfortable accommodation in well-equipped en suite rooms and high-speed internet access in common areas. Only 30 minutes from the city centre, the newly built residence hall offers cosy rooms. Rooms can be occupied by one person or shared with another student. Each room has its own bathroom and there are communal kitchens at the disposal of students.

You may opt for a 5-month or 10-month contract with a security deposit of 470 EUR at the following prices (valid from September 2019):

Length of ContractType of room

  Monthly rental fee per person  


   Rental fee total   


5-month contract

single occupancy

    5 x 470 = 2350
10-month contract
single occupancy

   10 x 450 = 4500

10-month contract
shared occupancy

 10 x 340 = 3400

Please be informed that construction is taking place on the neighbouring estate. 

Please read the RH Information Package for 2020/21. You may apply for the residence hall on our online application form or write to

Address: 1031 Budapest, Reichl Kálmán u. 6.


Skype is always the easiest and the cheapest way to communicate to family and friends abroad, but here is more information on how you can make calls from Hungary.

Watch videos of Budapest and Hungary

Take a tour in Budapest by watching these amazing videos! We collected many timelapse videos and more! You would want to book your flight immediately!