“Új Magyarország” means New Hungary. This is the name of the national development plan that was set up to use the European Union structural funds. At every construction work that you can see almost everywhere in Budapest you will find a signboard like this informing you about the project being implemented there.

"Új Magyarország" means New Hungary. This is the name of the national development plan that was set up to use the European Union structural funds. At every construction work that you can see almost everywhere in Budapest you will find a signboard like this informing you about the project being implemented there.