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The Budapest Twelve is a list of 12 Hungarian films considered the best from the period between 1948 and 1968. The films were chosen in secret ballot of the Hungarian film industry in 1968.

The International Federation of Film Critics (FIPRESCI) held its annual conference in Budapest in 1968, the year that marked the 20th anniversary of the nationalization of the Hungarian film industry. On this occasion, the department of film critics of the Alliance of Hungarian Filmmakers choose the best 12 films in a secret ballot. The films were screened at the 4. Hungarian Film Week and one year later aired on the Hungarian Public Television.^[1]

The full list of films:^[1]

1. Frigyes Bán: Treasured Earth
2. Miklós Jancsó: The Round-Up
3. Zoltán Fábri: Merry-Go-Round
4. András Kovács: Cold Days
5. Félix Máriássy: Budapest Spring
6. Zoltán Fábri: Professor Hannibal
7. Imre Fehér: In Soldier's Uniform
8. Károly Makk: The House Under the Rocks
9. Ferenc Kósa: Ten Thousand Days
10. István Gaál: Sodrásban
11. Márton Keleti: The Corporal and the Others
12. István Szabó: Father

In 2000, the Alliance of Hungarian Filmmakers and Television Directors along with the film and TV critic department of the National Association of Hungarian Journalists voted on the films they consider the best in the history of Hungarian cinema.^[2]

The full list of films:^[3]

1. Miklós Jancsó: The Round-Up
2. Károly Makk: Love
3. Zoltán Huszárik: Szindbád
4. István Szőts: People of the Mountains
5. Géza Radványi: Somewhere in Europe
6. Péter Gothár: Time Stands Still
7. István Székely: Hyppolit, the Butler
8. Zoltán Fábri: Merry-Go-Round
9. András Jeles: Little Valentino
10. Ildikó Enyedi: My 20th Century
11. István Szabó: Father
12. Zoltán Fábri: Professor Hannibal