Brief introduction of Hungary

Population: 9.9 million
Land area: 93.000 sq.km
State form: Parliamentary constitutional republic
Language: Hungarian
Religion: Christian
Climate: Continental
Main business centre: Budapest

The economy

The economy of Hungary is a a medium-sized, high-income open economy, which is part of the European Single Market.

Memberships:
Organisation for Economic Co-operation and Development (OECD) since 1995,
World Trade Organization (WTO) since 1996,
European Union since 2004,
Schengen Area since 2012.

Currency: Forint (HUF)
GDP per capita: 25,239 USD
Economic growth: c. 3,5% (2014)
Expected growth: (2015, 2016): 2.6%

Main sectors are metallurgy, construction materials, processed
foods, textiles, chemicals (especially pharmaceuticals), motor vehicles.
Hungary's main agricultural products are wheat, corn, sunflower seed, potatoes,
sugar beets; pigs, cattle, poultry, and dairy products.

European
economy

Hungary offers all the advantages and
opportunities of a member-state of the European Union

A well suited HUB

Located in the heart of Central-East-Europe an optimal place for hubs and distribution

Ready to export

A strong governmental support for increasing
cooperation with South-East-Asia