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The stunningly beautiful European nation of Hungary has a total land area of 93,033 square km. It is basically a landlocked nation and strategically located in Central Europe. The nation is rather small in area and measures just 524 kilometers from east to west &250 kilometers from north to south.



The nation shares its borders with Romania, Serbia, Slovakia, Ukraine, Croatia, and Austria, besides Slovenia. By and large, Hungary is flat dotted with not-too-high Mountains in its northern regions. The famous, also the biggest lake in Central Europe, Lake Balaton, is situated in Hungary.



Budapest is the capital city, also the country’s largest city, and was initially two different cities, namely, Buda &Pest. The same bestrides the renowned River Danube, and is quite rich in history and culture even as it is also celebrated for its restorative springs.



Roughly, 13.1–14.7 million Hungarians are spread across the world today, and close-to 8.5–9.8 million of them reside in the present Hungary. The nation has a national assembly or single-chamber parliament, and voters, select by ballot, its 386 members every 4 years.



Since the beginning of the 1980s, the country has significantly lost its people. In 1999, its total population stood at roughly 10,065,000--48,000 less than what the same had been just 1 year before. Much like many European nations, the populace of the aged is on the rise &that of kids on the decline across the country.



The people of Hungary, called Hungarians, belong to an ethnic faction who converse in the Hungarian language even while they are principally linked with Hungary. Hungarian is the country’s official language, and the most extensively used non-Indo-European language in the whole Europe.



Significantly, prior to the World War II, German happened to be the most crucial and commonly employed second language. All through the socialist era, Russian was binding in the national schools &universities. Now English has emerged as the most treasured second language, chiefly for younger public with entrepreneurial aspirations, and in the academic world, the sciences, and different services &businesses.

Hungary Economic profile

Historically, Hungary has been associated with many innovations, i.e. even while being under the communist iron curtain the idea of market economy or rather the "goulash Communism" was envisaged by Janos Kadar at the end of the 1960s and this gradually evolved into innovative market socialism. This country was first to transform successfully into market economy and today, 80% of GDP is contributed by the private sector. 45 of the top 50 global companies have their offices in this country. Foreign direct ownership and foreign investment in Hungarian firms is expansive and when totaled with FDI the funds infused into the Hungarian economy are more than $70 billion. The focus of foreign investments has shifted to manufacturing of high-end automobile, renewable energy generation systems, high-end tourism, and IT. Hungary has 31 058 km of roads, motorways of 1118 km and railroad system was 7685 km long The electrification is complete in the country The contribution of tertiary sector is increasing in the GDP and employment while that of manufacturing sector is also growing The future development plans of the government are ambitious and offer greater freedom to private and foreign investments Member of UNO, WTO, EU and Schengen Treaty

Hungary - other Main Facts