The paper's founders were Rick Bruner, Steve Carlson, Richard W. Bruner, Tibor Szendrei, and Blake Steinberg. Budapest Week was Hungary's first independent English language newspaper after the fall of Communism in Eastern Europe. It was followed by competitors, notably The Budapest Sun and The Budapest Business Journal. There was a newspaper that resembled Budapest Week and its role in the social movement of the expatriate scene there at the time in the popular novel Prague by Arthur Phillips.
Peter Freed backed the paper financially in 1992 and remained its owner until the paper ceased printing around 2000. BudapestWeek.com is an infrequently updated web site affiliated with the newspaper's legacy.
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