Hungary in figures

HUNGARY

AREA: 93,030 km2

FORM OF GOVERNMENT: Parliamentary Republic

TIME ZONE: GMT + 1 hour

POPULATION: 9,849,000 (as of January 2015)

NATIONAL CURRENCY: Forint (HUF)

CAPITAL (population): Budapest (1,754,000 as of January 2015)
OTHER MAJOR CITIES (population): Debrecen (203,914), Szeged (161,921), Miskolc (161,265), Pécs (146,581), Győr (128,902)
GDP (PPP): EUR 174,328 billion (2013)
INFLATION: -0,2% (2014)
UNEMPLOYMENT RATE: 7.7% (2014 Q4)
MEMBERSHIP IN INTERNATIONAL ORGANISATIONS: EU, UN, OECD, WTO, NATO, IMF, EC,

EU member since 2004
CLIMATE: temperate, similar to the rest of the continental zone
RISK OF NATURAL DISASTERS: very low

Hungary is located in Central and Eastern Europe at the crossroads of four main pan-European corridors (IV, V, VII, X). The country is a full member of the European Union since 2004, which makes it easy for companies to reach more than 500 million people in the EU and another 200 million to the East. Thanks to its favourable location, its stable macroeconomic and investor-friendly political environment, Hungary is a perfect investment location.

You can make the most of the country’s strategic location: easy access to both Western and Eastern European markets.

 

Source: HIPA