Several competitions were organised in conjunction with the FIDE Congress held in Budapest in 1926. Encouraged by Paris 1924 experience, the authorities of FIDE decided to hold great chess event. There was a number of individual tournaments ran: the masters, the open, and the women's tournament. The team competition was held too, and six teams applied. However, only four of them came to Budapest, as Austria and Czechoslovakia withdrew. Hungary led with Steiner and Vajda were favourites and they won comfortably ahead of Yugoslavia and Romania. Stevan Ćirić, member of Yugoslav crew, was notable politician at the time, the Ministry of Education and Chairman of Parliament of Yugoslavia. Because of its tiny, embryonic size, the Budapest event was not counted as official FIDE Chess Olympiad. Still, it is historically first international team event ever played according to modern standards. Grünfeld (Austria) and Italian youngster Monticelli tied first in the individual event known as "FIDE Masters". Mrs. Holloway of Great Britain won women's tournament and Sandor Zinner of Hungary (do not confuse with the Czech Emil Zinner) won the open tournament.