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“The inauguration of the statue on the 23rd of October 2020 expresses our mutual appreciation and gratitude for the statesman, who contributed to shaping the future of Europe and within Hungary through his commitment and strong morals, and through his advocacy for democracy and against communist dictatorship,” the joint statement said.

President Bush was the first sitting U.S. President to visit Budapest.

The statue will be erected near the one of President Ronald Reagan in Szabadság tér, where the U.S. embassy is located.