Capital: Budapest Language: Hungarian Currency: Forint (HUF)
Cities of Hungary
General details about Hungary
CAPITAL CITY OF Hungary: Budapest LANGUAGE OF Hungary: Hungarian CURRENCY OF Hungary: Forint (HUF) COMMENTS ABOUT Hungary: Hungary is a country in Central Europe, Member of the European Union Cities : Budapest (capital) , Debrecen, Eger, Kecskemét, Miskolc, Nyíregyháza, Pécs, Salgótarján, Szeged, Székesfehérvár Best Places : Aggtelek, Gödöllő, Hollókő, Lake Balaton, Nyirtass, Tokaj, Siófok, Szentendre, Szépasszonyvölgy, Vác Electricity : 230/50Hz (European Plug) Calling Code : +36 Time Zone : UTC +1
Hungary was part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under Communist rule following World War II. In 1956, a revolt and announced withdrawal from the Warsaw Pact were met with a massive military intervention by Moscow. Under the leadership of Janos KADAR in 1968, Hungary began liberalizing its economy, introducing so-called "goulash Communism." Hungary held its first multiparty elections in 1990 and initiated a free market economy. It joined NATO in 1999 and the EU in 2004. CLIMATE OF Hungary: temperate; cold, cloudy, humid winters; warm summers RELIGION OF Hungary: Roman Catholic 67.5%, Calvinist 20%, Lutheran 5%, atheist and other 7.5% POPULATION OF Hungary: 10,032,375 (July 2004 est.)> ECONOMY OVERVIEW OF Hungary: Hungary has made the transition from a centrally planned to a market economy, with a per capita income one-half that of the Big Four European nations. Hungary continues to demonstrate strong economic growth and joined the European Union in May 2004. The private sector accounts for over 80% of GDP. Foreign ownership of and investment in Hungarian firms are widespread, with cumulative foreign direct investment totaling more than $23 billion since 1989. Hungarian sovereign debt was upgraded in 2000 to the second-highest rating among all the Central European transition economies. Inflation has declined substantially, from 14% in 1998 to 4.7% in 2003; unemployment has persisted around the 6% level. Germany is by far Hungary's largest economic partner. Short-term issues include the reduction of the public sector deficit and further increasing the flexibility of the labor markets.
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CAPITAL CITY OF Hungary: Budapest
