Recording of the Inauguration Ceremony where Josef Jařab was appointed as the new Rector of the CEU. The welcome speech is delivered by first Academic Pro-Rector László Bruszt who also read a letter form Václav Havel congratulating Jařab for his position. Key speakers: Founder of the CEU and Chairman of the Board of Trustees, George Soros and Dr. Péter Medgyes, Under-secretary of State for International Relations from the Ministry of Culture and Education, Budapest. Alfred Stepan, Former President and Rector, offers some words about the first Academic Pro-Rector CEU has ever had in the person of László Bruszt and then hands in the medal and the position. Josef Jařab offers his first speech as the President and Rector of CEU.