State secretary for Budapest Balázs Fürjes has played down talk of another Olympic and Paralympic Games bid after the Hungarian capital was awarded the 2027 International Swimming Federation (FINA) World Aquatics Championships here.
Budapest was in the race to host the 2024 Games but pulled out due to local opposition, calls for a referendum and political divisions.
The World Aquatics Championships is just the latest major event to be awarded to Budapest but Fürjes claimed it is too soon to focus on a new Olympic bid.
"We honestly cannot say at the moment that we would submit a bid," he said.
"We have definitely been a founding nation of the International Olympic Committee, represented by Ferenc Kemény.
"Our National Olympic Committee was one of the first established and Hungary is the only nation in the top 10 medal list of the Summer Olympic Games that has never had the chance to host the Games."
Fürjes added that the city had to focus on what was currently happening in the capital, which has placed itself at the centre of the global sporting map in recent years.
"Last time we could not reach the finish line," he said.
"There was a bid unity at the beginning and some participants changed their mind in the mean-time.
"For political reasons the bid had to be withdrawn.
"The next Olympic Games is not available until 2032 but this is not a question for today.
"Even without a future Olympic bid, these international events benefit Hungary and Budapest and we are very happy to host them and work very closely with the respective International Federations."
After hosting the 2017 World Aquatics Championships, Budapest staged last year's World Wrestling Championships and in May hosted the International Table Tennis Federation World Championships.
Later this year the city welcomes the first World Urban Games, a new multi-sport event launched by the Global Association of International Sports Federations.
Budapest is also set to host matches at the new Puskás Aréna during next year's UEFA Euro 2020 and was awarded the 2023 International Association of Athletics Federations World Championships in December.
The International Judo Federation World Championships will be held in Budapest in 2022 with tennis' revamped Fed Cup finals being staged there until 2023.
In 2024 the Short Course World Swimming Championships will be staged in the city while the 2019 World Fencing Championships are ongoing there.
Fürjes claimed the arrival of so many sports to Hungary can only build on its strong organisational foundations, rooted mainly through aquatics.
"It definitely builds a legacy," he said.
"A new swimming pool at Duna Arena was built for 2017 and it is now in every day use by the local kids, by groups from the schools and also for training professionals.
"Budapest is a global sports capital.
"It is a beautiful city and is in a fantastic central location in Europe which is very accessible.
"We have the facilities and the funds, public transport is there and in summertime the weather is fantastic so we have all the reasons to stage these events and share them with the world."
Budapest's allocation as 2027 hosts will see the World Aquatics Championships return to the city 10 years after a very successful 2017 edition.
Fürjes believes FINA made the right call with its return to both Kazan - hosts of the 2025 World Aquatics Championships - and Budapest, which played to its historic strengths in a successful bid process.
"Budapest is a home of aquatics," he added.
"We have an old alliance.
"It all started when the first Olympic swimming gold medal back in Athens in 1896 was won by a Hungarian man, Alfréd Hajós from Budapest, so it is an old friendship.
"We have a real a gratitude and appreciation also for Hungarian aquatics, to our heroes and champions from both the swimming and water polo federations.
"Swimming is an individual sport, water polo is a team sport.
"This victory is team-work."