Considered a financial hub in Central Europe, the city ranked 3rd (out of 65 cities) on Mastercard's Emerging Markets Index, and ranked as the most livable Central/Eastern European city on EIU's quality of life index. It is also ranked as "Europe's 7th most idyllic place to live" by Forbes, and as the 9th most beautiful city in the world by UCityGuides. It is the highest ranked Central/Eastern European city on Innovation Cities' Top 100 index.
The origins of the words "Buda" and "Pest" are obscure. According to chronicles from the Middle Ages the name "Buda" comes from the name of its founder, Bleda (Buda), the brother of the Hunnic ruler Attila. The theory that "Buda" was named after a person is also supported by modern scholars. An alternative explanation suggests that "Buda" derives from the Slavic word "вода, voda" ("water"), a translation of the Latin name "Aquincum", which was the main Roman settlement in the region.