Budapest is a major cultural center in Europe, with many universities, libraries, theaters, and museums. In the 1970s and 1980s the Communist government led by János Kádár devoted great sums of money to arts and culture.
There are 11 universities and 21 colleges in Budapest. The most prestigious schools include Loránd Eötvös University, with campuses throughout the city, and the Budapest Institute of Technology, located on the Buda riverfront, south of Gellért Hill. Another important educational institution is Central European University (CEU), founded in 1991 by George Soros, a Hungarian American philanthropist born in Budapest.
Microsoft® Encarta® Online Encyclopedia 2001
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