The Visegrád Group was officially established through an agreement signed by the leaders of Czechoslovakia, Hungary, and Poland. This momentous occasion marked the beginning of a collaborative effort among the three Central European countries to promote political and economic reforms following years of communist control. The leaders sought not only to improve bilateral relations but also to prepare for potential integration into European and transatlantic structures, including the European Union and NATO.

The essence of the agreement was rooted in a shared history and cultural ties, as well as mutual interests in achieving market-oriented economic policies. The leaders recognized that cooperation would be essential for the successful transition to democracy and the establishment of free-market economies in their respective nations. The Visegrád Group has since evolved into a platform for discussing and coordinating the policies of participating states, addressing various matters such as security, trade, energy, and cultural exchange.

The signing took place in Budapest, a city rich in history and located at the heart of Europe, which symbolized a new beginning for the region. This effort to collaborate reflected a broader shift in Central and Eastern Europe, where many countries were moving away from the authoritarian regimes that had dominated for decades. Ultimately, this agreement laid the groundwork for future cooperation within the region and had enduring effects on the political landscape of Europe.