Budapest later, with the help of the Russian Empire. 1867 was the year of Reconciliation that brought about the birth of Austria-Hungary. This made Budapest the twin capital of a dual monarchy. It was this compromise which opened the second great phase of development in the history of Budapest, lasting until World War I. In 1849 the Chain Bridge linking Buda with Pest was opened as the first permanent bridge across the Danube and in 1873 Buda and Pest were officially merged with the third part, Óbuda (Old Buda), thus creating the new metropolis of Budapest. The dynamic Pest grew into
Budapest usually involves a parade on the Andrássy Avenue. Other festivals include the Budapest Fringe Festival, which brings more than 500 artists in about 50 shows to produce a wide range of works in alternative theatre, dance, music and comedy outside the mainstream. The LOW Festival is a multidisciplinary contemporary cultural festival held in Hungary in the cities Budapest and Pécs from February until March; the name of the festival alludes to the Low Countries, the region encompassing the Netherlands and Flanders. The Budapest Jewish Summer Festival, in late August, is one of the largest in Europe. There are many symphony