About Hungary...
Hungary, officially the Republic of Hungary, is a landlocked country in the Carpathian Basin in Central Europe, bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. Its capital is Budapest. Hungary is a member of EU, NATO, OECD, V4 and is a Schengen state. The official language is Hungarian, which is part of the Finno-Ugric family, thus one of the four official languages of the European Union that are not of Indo-European origin. Hungary is ranked 20th globally (out of 194 countries) on International Living's Quality of Life index (2010) and 6th in an environmental protection index by GW/CAN. Until recently, it was also listed as one of the 15 most popular tourist destinations in the world. The country is home to the largest thermal water cave system and the second largest thermal lake in the world (Lake Hevíz), the largest lake in Central Europe (Lake Balaton), and the largest natural grasslands in Europe (Hortobágy). Hungary held its first multi-party elections in 1990, following four decades of Communist rule, and has succeeded in transforming its centrally planned economy into a market economy. Both foreign ownership of and foreign investment in Hungarian firms are widespread. The governing coalition, comprising the Hungarian Socialist Party and the liberal Alliance of Free Democrats, prevailed in the April 2006 general election. Hungary needs to reduce government spending and further reform its economy in order to meet the 2012-2013 target date for accession to the euro zone. The Hungarian economy is a medium-sized, structurally, politically, and institutionally open economy in Central Europe and is part of the EU single market. Like most Eastern European economies, it experienced market liberalisation in the early 1990s as part of a transition away from communism. Today, Hungary is a full member of OECD and the World Trade Organization. OECD was the first international organization to accept Hungary as a full member in 1996, after six years of successful cooperation.
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| Exports To Hungary Facts |
| Location: |
Central Europe |
| Coordinates: |
47 00 N, 20 00 E |
| Int. Dialing Code: |
+36 |
| Currency: |
forints (HUF) |
| Language: |
Hungarian 93.6% |
| Area: |
93,028 sq km |
| Capital City: |
Budapest |
| Population: |
9,905,596 (July 2009 est.) |
| Population Ranking: |
82 |
| Employment: |
89.2% |
| Inflation: |
2% (2009 est.) |
| GDP: |
$184.9 billion (2009 est.) |
| GDP Ranking: |
54 |
| GDP Growth: |
-6.7% (2009 est.) |
| Internet Users: |
5.873 million (2008) |
| Television Stations: |
95 (2008) |
| Phone Lines: |
3.094 million (2008) |
| Mobile Phones: |
12.224 million (2008) |
| Major Industry: |
mining, metallurgy, construction materials, processed foods, textiles, chemicals (especially pharmaceuticals), motor vehicles |
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