Lipótváros (German: Leopoldstadt, English: Leopold Town) is a traditional neighbourhood in the city centre of Budapest, named after King Leopold II. It is one of the two neighbourhoods of District V, the other one being Inner City (Belváros), which is the old town of Pest. Lipótváros was established in the early 19th century, and became the political and financial centre of Hungary in the early 20th century when the Parliament was built on Kossuth Square. Many ministries followed in the later decades. After the 1989 change Lipótváros gradually became again the business centre of Budapest with many banks and office buildings. The neighbourhood is rich in listed historic buildings and landmarks.