Grand Boulevard (Budapest) Grand Boulevard (Budapest) Nagykörút or Grand Boulevard (sometimes "Great Boulevard", lit. "Big Ring Road") is one of the most central and busiest parts of Budapest, a major thoroughfare built by 1896, Hungary's Millennium. It forms a semicircle connecting two bridges of the Danube, Margaret Bridge on the north and Petőfi Bridge on the south. Usually the part inside and around this semicircle is counted as the city centre of Budapest (see Belváros). Nagykörút is actually a colloquial name of its five parts which connect to each other: (from north to south) Szent István körút, Teréz körút, Erzsébet körút, József körút
Budapest became the co-capital of the Austro-Hungarian Empire, a great power that dissolved in 1918, following World War I. The city was the focal point of the Hungarian Revolution of 1848, the Battle of Budapest in 1945, and the Hungarian Revolution of 1956. Budapest is an Alpha- global city with strengths in commerce, finance, media, art, fashion, research, technology, education, and entertainment. It is Hungary's financial centre and the highest ranked Central and Eastern European city on Innovation Cities Top 100 index, as well ranked as the second fastest-developing urban economy in Europe. Budapest is host to many major international organization's