A nationwide campaign was started to raise money for the building in 1860, with the design competition launched in 1861. Construction works begun in the spring of 1862 under the supervision of Miklós Ybl and Antal Szkalnitzky. The building was inaugurated on 11 December 1865. The frescoes in the Ceremonial Hall were painted by Károly Lotz, while the small meeting room is decorated with landscapes by Antal Ligeti.
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