Hungary Commits HUF 40 Billion to Comprehensive Gödöllő Royal Palace Restoration

Major Restoration Project Announced for Gödöllő Royal Palace

Prime Minister Viktor Orbán announced a significant cultural and financial commitment on Monday, October 13, 2025, for the comprehensive restoration of the historic Gödöllő Royal Palace estate in Hungary. The project, valued at HUF 40 billion (approximately EUR 102 million), is a joint initiative between the Hungarian government and OTP Bank, marking one of the most substantial heritage investments in recent years.

The announcement, made in Gödöllő, highlighted that the funding will be split equally, with HUF 20 billion contributed by the state and an additional HUF 20 billion from OTP Bank. Sándor Csányi, Chairman and CEO of OTP Bank, was present at the announcement, emphasizing the bank's role as a patron of Hungarian cultural continuity.

A Palace Steeped in History

The Gödöllő Royal Palace, also known as the Grassalkovich Palace, is Hungary's largest Baroque castle and holds immense historical significance. Constructed between 1735 and 1749 for Count Antal Grassalkovich I, it later became a beloved residence of Queen Elisabeth (Sisi) and Emperor Franz Joseph I following the 1867 Austro-Hungarian Compromise. Queen Elisabeth, who was known for her affection for Hungary and its people, frequently sought refuge at the palace.

While parts of the palace have undergone restoration since the 1990s, significant sections have remained inaccessible or structurally compromised. The current initiative aims to address these areas, ensuring the palace's full revival.

Extensive Scope of Works Over Nine Years

The comprehensive restoration project is slated to span nine years and will cover approximately 17,000 square meters of the historic site. The ambitious plans include restoring the palace and its gardens to their condition during the time of Empress Elisabeth. Specific areas targeted for renovation and revitalization include:

• A previously neglected 6,000-square-meter section of the castle.
• The complete renovation of the historic garden.
• The music wing and buildings housing works of art.
• The opening of the palace chapel to visitors.
• The renovation of the classicist bathroom in the music wing.
• The creation of an exhibition and event space in the Orangery House.
• The establishment of the Marble Stable as an event venue.
• A cellar tunnel dedicated to presenting the history of Hungarian winemaking.
• The reopening of the historic brewery, complete with a pub and restaurant.
• The development of a museum library and research rooms.

The palace currently also houses the Hungarian University of Agriculture and Life Sciences (MATE), which will continue to utilize the revitalized complex.

Investment in National Heritage and Future

Prime Minister Orbán framed the project as both patriotic and strategic, stating, 'A nation that honours its past builds confidence in its future,' and emphasizing that such restorations are 'not expenses, but investments in national spirit.' He added that 'Money spent on preserving value sensible investment.' Orbán also noted that 'The 20th century was not the age of patrons in Hungary's architectural heritage — but that era has now come to an end.'

OTP Bank CEO Sándor Csányi echoed this sentiment, calling the project 'a duty to heritage.' Minister of Construction and Transport János Lázár described OTP Bank's commitment as 'perhaps not an exaggeration' to be the largest charitable contribution by a private entity in Hungary over the last century. The goal is for the castle to operate in a cost-efficient and self-sustaining manner, serving as a 'bulwark for the preservation of Hungary's intellectual and cultural heritage.'

The Gödöllő Royal Palace already attracts approximately 350,000 visitors annually, making it the second most visited castle in Hungary. This restoration is expected to further enhance its appeal, contributing to both cultural preservation and tourism, aligning with the government's view that such investments are economically sound.