The Palace of Arts is a prominent cultural institution located in Budapest, Hungary. It serves as a hub for various artistic performances, including concerts, operas, and exhibitions. The building is known for its striking modern architecture and spacious concert halls, making it a key venue for both local and international artists. Opened in 2005, the Palace of Arts houses several facilities, including the National Concert Hall, the Festival Theatre, and the Museum of Music History. It aims to promote the arts and foster cultural exchange, attracting visitors from around the world to experience its diverse programming.