Embassy of the United States

Past Events 2007

Ambassador Foley and Minister Göncz (Embassy photo)

Táncsics Property Exchange Signed Today at the Foreign Ministry

On September 10, 2007, Ambassador April H. Foley and Foreign Affairs Minister Kinga Göncz signed an agreement on an exchange of properties between the Governments of the United States and of Hungary. According to the agreement, a cash-free real estate exchange deal, the historic complex on Táncsics Street in the Castle District, purchased on the free market in the late 1940s, as well as two other U.S.-owned properties in Budapest will get back into Hungarian hands. In return, the Hungarian side will renovate the two buildings adjacent to the main Embassy building on Szabadság tér and give them to the United States to be used as part of a consolidated Embassy complex.