Demographics of Budapest which peaked after fall of the Communism, the number of inhabitants dropped to 1.7 million, while garden housing development is still decisive in the suburbs. Reurbanisation and gentrification getting on since the mid-2000s. After the conquest of the Carpathian Basin one of the main Hungarian (Magyar) tribes, named Megyer, settled in the present-territory of Budapest, more exactly on the both bank of the river Danube in Békásmegyer („Frog’s Megyer”) and Káposztásmegyer („Cabbage’s Megyer”), now high-rise housing estates of the city. Endonym „Magyar” (for Hungarians) is originated from the tribe name „Megyer”. According to the 1494-95 medieval census, was implemented by
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