Brief Introduction Capital: Budapest Area: total: 93,031 sq km National Flower: Tulip The important Festival: National day: 20 August Population: 17,450,000 Language: Hungarian 98.2%, other 1.8% Currency: HUF

Hungary

Geography

Central Europe, northwest of Romania

Administrative divisions

19 counties (megyek, singular - megye), 20 urban counties* (singular - megyei varos), and 1 capital city** (fovaros); Bacs-Kiskun, Baranya, Bekes, Bekescsaba*, Borsod-Abauj-Zemplen, Budapest**, Csongrad, Debrecen*, Dunaujvaros*, Eger*, Fejer, Gyor*, Gyor-Moson-Sopron, Hajdu-Bihar, Heves, Hodmezovasarhely*, Jasz-Nagykun-Szolnok,Kaposvar*,Kecskemet*,Komarom-Esztergom, Miskolc*, Nagykanizsa*, Nograd, Nyiregyhaza*, Pecs*, Pest, Somogy, Sopron*, Szabolcs-Szatmar-Bereg, Szeged*, Szekesfehervar*, Szolnok*, Szombathely*, Tatabanya*, Tolna, Vas, Veszprem, Veszprem*, Zala, Zalaegerszeg*.

Economy – overview

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 to work toward accession to 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 to 3% in 2004 and avoiding unjustified increases in wages.

Culture and media

Newspaper:

Budapest Business Journal, Budapest Sun the, Budapest Times, the, Budapester Zeitung, Hetek, Magyar Hírlap, Magyar Nemzet, Népszabadság.

TV Stations:

4TV, BPTV, HIRTV

The place of interest

Budavari Palota

Orszaghaz

Halaszbastya