1992 Budapest bigBudapest was the venue for the First Annual Session of the CSCE Parliamentary Assembly in July 1992.

The Assembly passed the Budapest Declaration which addressed issues relating to European security, peacekeeping, environmental co-operation, human rights and the crisis in the former Yugoslavia. The Declaration also urged parliaments and parliamentarians of the CSCE to participate more actively in the prevention, management and settlement of conflicts:

"When regional tensions arise, multilateral meetings of parliamentarians of counrtries concerned should be arranged to foster democratic and peaceful solutions."