SMS Budapest  was a Monarch-class coastal defense ship built for the Austro-Hungarian Navy in the 1890s. After their commissioning, Budapest and the two other Monarch-class ships made several training cruises in the Mediterranean Sea in the early 1900s. Budapest and her sisters formed the 1st Capital Ship Division of the Austro-Hungarian Navy until they were replaced by the newly commissioned Habsburg-class pre-dreadnought battleships at the turn of the century. In 1906 the three Monarchs were placed in reserve and only recommissioned during the annual summer training exercises. After the start of World War I, Budapest was recommissioned and assigned to 5th Division together with her sisters.

Stabilimento Tecnico Triestino (STT) ("Technical Establishment of Trieste") was a private shipbuilding company based in Trieste from the mid-19th to early 20th century, and the most important naval shipbuilding firm of the Austro-Hungarian Empire.