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Topic: Economy of Hungary


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In the News (Sun 27 Dec 09)

  
  Kids.Net.Au - Encyclopedia > Economy of Hungary
The Hungarian economy prior to WWII was primarily oriented toward agriculture and small-scale manufacturing.
Hungary's strategic position in Europe and its relative lack of natural resources also have dictated a traditional reliance on foreign trade.
Since 1995, Hungary has pegged the forint against a basket of currencies (in which the German mark is 70% and the U.S. dollar 30%), and the central rate against the basket is devalued at a preannounced rate, currently set at 0.8% per month.
www.kids.net.au /encyclopedia-wiki/ec/Economy_of_Hungary   (1027 words)

  
  Hungary - Wikipedia, the free encyclopedia
The name "Hungary" may be influenced by the name of the Hun people, although it probably comes from the name of a later, 7th century state called Onogur (or possibly from the name of the city Ungvár, which was possibly the first major city the Magyars occupied).
Hungary passed a series of anti-Semitic laws throughot the 1920s and thirties, and some massacres of Jews by Hungarian forces took place in the early part of the Second World War, but Hungary initially resisted large scale deportation of its Jewish population.
Hungary's landscape consists mostly of the flat to rolling plains of the Carpathian Basin, with hills and lower mountains to the north along the Slovakian border (highest point: the Kékes at 1,014 m).
en.wikipedia.org /wiki/Hungary   (2380 words)

  
 Statement by Hungary at the International Conference on Financing for Development; Monterrey, Mexico; 18 March 2002
Hungary, while successfully passing through the transition period within historically short time, is ready to share her many-sided experiences in reinforcing democratic institutions and market economy with the partner countries.
Hungary fully shares the development goals as internationally agreed including those contained in the Millennium Declaration and is committed to collaborate with all the stakeholders to eradicate poverty and promote sustainable development.
Hungary is, within its powers, ready to share its many-sided experiences in building democratic institutions and establishing market economy with the partner countries in the developing world; to participate in the international efforts to mobilize financial resources for development; to promote the equitable multilateral trading system and to increase official development assistance.
www.un.org /ffd/statements/hungaryE.htm   (1137 words)

  
 Encyclopedia: Economy of Hungary   (Site not responding. Last check: 2007-10-24)
The Hungarian economy prior to WWII was primarily oriented toward agriculture and small-scale manufacturing.
Hungary's strategic position in Europe and its relative lack of natural resources also have dictated a traditional reliance on foreign trade.
Economy - overview: Guinea-Bissau is among the worlds least developed nations and one of the 20 poorest countries in the world, and depends mainly on agriculture and fishing.
www.nationmaster.com /encyclopedia/Economy-of-Hungary   (1714 words)

  
 Hungary. The Columbia Encyclopedia, Sixth Edition. 2001-05
Hungary borders on Slovakia in the north, on Ukraine in the northeast, on Romania in the east, on Slovenia, Croatia, and Serbia and Montenegro in the south, and on Austria in the west.
In 1222 the lesser nobles forced the extravagant Andrew II to grant the Golden Bull (the “Magna Carta of Hungary”), which limited the king’s power to alienate his authority to the magnates and established the beginnings of a parliament.
Hungary aided the USSR in the invasion of Czechoslovakia in 1968.
www.bartleby.com /65/hu/Hungary.html   (3173 words)

  
 Economic History and the Economy of Hungary
Hungary remained a conquered territory until the fall of Communism and the collapse of the Soviet Union.
The limited export earnings of Hungary could not pay for the higher cost of petroleum and the government leadership was forced to borrow.
Thus an economic restructuring was forced upon Hungary.
www.sjsu.edu /faculty/watkins/hungary.htm   (1043 words)

  
 Economy of Hungary: Just the facts...   (Site not responding. Last check: 2007-10-24)
Hungary (A republic in central Europe) 's strategic position in Europe and its relative lack of natural resources also have dictated a traditional reliance on foreign trade.
By 1988, Hungary had developed a two-tier banking system and had enacted significant corporate legislation which paved the way for the ambitious market-oriented reforms of the post-communist years.
Since 1995, Hungary has pegged the forint against a basket of currencies (in which the U.S. dollar is 30%), and the central rate against the basket is devalued at a preannounced rate, currently set at 0.8% per month.
www.absoluteastronomy.com /encyclopedia/e/ec/economy_of_hungary.htm   (954 words)

  
 Hungary -> Economy on Encyclopedia.com 2002   (Site not responding. Last check: 2007-10-24)
Hungary's economy underwent difficult readjustment in the 1990s, as it moved from producing goods chiefly for export to the USSR to developing a market-based economy and finding new trading partners.
Hungary has been an important producer of bauxite, and deposits of copper, natural gas, coal, oil, and uranium have been exploited as well.
Hungary's relationship with Poland and its refugees during World War II.
www.encyclopedia.com /html/section/Hungary_Economy.asp   (680 words)

  
 Hungary
The growth of the economy of Hungary within the last few years has also allowed the government to begin to concentrate on structural reforms within the nation.
The model of planned economy was not though totally inefficient and ineffective, for it had generated impressive growth rates of output and employment, notably during the 1950's and somewhat during the 1960's.
A planned economy did make possible a rapid accumulation of capital, the concentration of material resources and a rapid rate of development, and but in a way that was excessively costly.
www.bu.edu /econ/faculty/kyn/newweb/economic_systems/Economics/Economic_History/Hungary/echist_hungary_reform.htm   (2503 words)

  
 Hungary Europe - Budapest Pictures, Travel, Economy and Map
Hungary was part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under Communist rule following World War II.
Hungary continues to demonstrate strong economic growth and to work toward accession to the European Union in May 2004.
The Parliament and the Danube river in Budapest, capital of Hungary.
hungary.europe-countries.com   (1272 words)

  
 MSN Encarta - Hungary
Hungary’s present borders are virtually the same as those established by the post-World War I Treaty of Trianon (1920).
It is bounded on the north by Slovakia; on the northeast by Ukraine; on the east by Romania; on the south by Serbia and Montenegro (formerly the Federal Republic of Yugoslavia, or FRY), Croatia, and Slovenia; and on the west by Austria.
Lake Balaton, Hungary’s principal lake, is the largest lake in central Europe.
encarta.msn.com /encnet/refpages/RefArticle.aspx?refid=761559741   (344 words)

  
 Commanding Heights : Hungary Overview | on PBS
Hungary quits the Warsaw Pact, appealing in vain to the UN and the West.
In 1988 Communist leader Kádár is ousted; in 1989 legislation is adopted for multiparty parliamentary elections, thus establishing the Republic of Hungary.
The economy slows, though the GDP in 1999 is still a robust 4.5 percent.
www.pbs.org /wgbh/commandingheights/lo/countries/hu/hu_overview.html   (1018 words)

  
 Economy - Hungary - Europe
As the economy continued to decline throughout the 1980s, Hungary began turning to Western nations for trade and economic assistance.
Hungary is a member of the World Trade Organization (WTO), the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (World Bank), and the European Bank for Reconstruction and Development (EBRD).
Hungary is an associate member of the European Union (EU), and in December 1997 the EU invited Hungary to begin the process of becoming a full member.
www.countriesquest.com /europe/hungary/economy.htm   (499 words)

  
 Hungary - Uncyclopedia
Hungary is a relatively young nation(it's only 1000 years old, after all) located between Botswana, Thirsty, Romania and The Country Formerly Known As The Soviet Union.
The people of Hungary are often known as physicists, as decreed by their previous king, Ferenc Puskas, and they are required to dedicate their lives to physics, as decreed by the laws of physics.
Hungary is governed by a code known as the laws of physics, which prohibits its inhabitants from falling off the Earth's surface and requires them to dedicate their lives to physics and eat goulash.
uncyclopedia.org /wiki/Hungary   (574 words)

  
 Europe-Asia Studies: The transition to a market economy in Hungary   (Site not responding. Last check: 2007-10-24)
In Hungary, as in Poland, the collapse of socialism was gradual and was caused by internal factors.
In Hungary, as in Poland and Czechoslovakia, monetary and fiscal policies were at the centre of the transformation provisions.
Hungary felt that it could afford such relaxation since the trade unions were split and not very strong, and unemployment had been quite high.
www.findarticles.com /p/articles/mi_m3955/is_n6_v47/ai_18011980   (1518 words)

  
 Hungary Economy   (Site not responding. Last check: 2007-10-24)
Eighty percent of GDP is now produced by the private sector, and foreign owners control 70% of financial institutions, 66% of industry, 90% of telecommunications, and 50% of the trading sector.
Hungary is now one of Europe's fastest-growing and most open economies, deeply integrated into the European economy, a relationship that was enhanced with Hungary’s accession to the European Union on May 1, 2004.
Under the slogan "economic patriotism," the government moved to increase the government's role in the economy and switch from an export- to a domestic demand-driven economy.
www.traveldocs.com /hu/economy.htm   (1058 words)

  
 The Globalist | Global Economy -- Hungary — Ready for the Big Bang?
The President of Hungary calls it a "small miracle" that 70% of the country's foreign trade is accounted for by the other EU states.
This really is the weak spot of Hungary's EU accession, especially its eventual accession to the European monetary union, for which no date has yet been set.
On the whole, the general mood in Hungary shortly before joining the EU is not positive.
www.theglobalist.com /DBWeb/printStoryId.aspx?StoryId=3874   (1000 words)

  
 Hungary.hu   (Site not responding. Last check: 2007-10-24)
In Hungary almost two thirds of the GDP is produced by the service sector.
Aside from the outstanding growth (36%) of agricultural value added, industry and construction were the main driving forces of this upsurge (with growth rates about 5% for both branches), while most of the service branches lagged behind (except of transport and strorage).
In 2001, Hungary changed its exchange rate regime, from the former crawling peg to a floating with ?15% band.
www.magyarorszag.hu /angol/orszaginfo/gazdasag   (577 words)

  
 Legal Security in the economy of Hungary   (Site not responding. Last check: 2007-10-24)
In a wide range of the economy the weakness or lack of control is the reason for the frequent violations of the law.
In the economy the obstacles to law enforcement arise often from the organisational problems and the lack of appropriate experts of the institutions that would be in charge of sanctioning ‘unfair’ competition and of promoting the compensation of those who have suffered losses.
The means available in Hungary for law enforcement have been found to be hindered by problems that have been resolved in a number of countries world-wide.
www.cipe.org /publications/cee/hungary/contractrights.htm   (2593 words)

  
 Uptrend in Hungary’s Economy   (Site not responding. Last check: 2007-10-24)
In spite of the crises in Russia and the Kosovo, the Hungarian economy is expected to have grown by 4 % in 1999.
Austrian exports to Hungary were worth more than ATS 15 billion in the first five months of the year.
In spite of this negative condition, Hungary is appreciated on international finance markets for being a reliable debtor, which is also reflected by a gradually improving “rating”.
www.aquamedia.at /templates/index.cfm?id=677   (576 words)

  
 Hungary - Economy
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 acceded to the European Union in May 2004.
Unemployment has persisted around the 6% level, but Hungary's labor force participation rate of 57% is one of the lowest in the OECD.
www.exxun.com /Hungary/e_ec.html   (576 words)

  
 Hungary: History, Economy, Land and People.
Hungary was a one-party Communist state ((((forced to be by the bloody russian red army)))) from 1948 to 1989, when it adopted a multiparty, democratic form of government.
Hungary's postal, telegraph, and telephone services are part of the international network and are undergoing technological modernization.
Hungary's level of indebtedness, the failure of the Soviet-oriented industrial system, rising unemployment, the collapse of the protective social welfare system, and the rapid economic and social polarization that followed the introduction of capitalism, all combined to produce a high level of public discontent.
www.zoltech.net /h/history.html   (2224 words)

  
 RealClearPolitics - Articles - Hungary's Economy Hinges on Key Reform Questions
In a best-case scenario for Hungary's economic health (call it the Irish model), the government undertakes substantial cuts in state spending and the country remains on its present, generally positive course and becomes a fully integrated Western economy over the next several years.
Hungary now forecasts that in the next three years, public debt is expected to be above 70 percent (it's been about 68 percent this year).
Hungary is usually considered part of the group of states that includes Poland, the Czech Republic and Slovakia.
www.realclearpolitics.com /articles/2006/09/hungarys_economy_hinges_on_key.html   (1425 words)

  
 The Embassy of the Republic of Hungary - Business & Economy   (Site not responding. Last check: 2007-10-24)
Hungary has a market economy in which the private sector is dominant.
The economic austerity measures introduced in 1995 resulted in a balanced budget and improvement of Hungary´s international financial position.
A majority of all working foreign capital invested in the Central European region was invested in Hungary.
www.docuweb.ca /Hungary/business.html   (95 words)

  
 Hungary: economy
The Kadar government introduced non-socialist elements to the economy and opened up markets to trade with the West is characterized as Goulash Communism, because it is a mixture of ideas rather like the stew for which it is named.
At the end of 2002, 40% of capital in Hungary was controlled by the private sector versus 4% during the 1980s.
Throughout the second half of the 1990s the economic situation gradually improved in Hungary and today it is thought to be the most successful large Eastern European country to adjust to the world economy.
www.unc.edu /~wmckinne/economy.html   (1110 words)

  
 Economy Of Hungary   (Site not responding. Last check: 2007-10-24)
If you would like to use this flag of Hungary or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Hungary or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this information for Hungary or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/hungary_country_economy.shtml   (436 words)

  
 ICL - ##
The State of the Republic of Hungary shall defend the freedom and sovereignty of the people, the independence and territorial integrity of the country, and its national borders as established in international treaties.
(1) In the Republic of Hungary justice is administered by the Supreme Court of the Republic of Hungary, the appeals courts, the Municipal Court of Budapest, the county courts and the local and labor courts.
(1) Citizens of the Republic of Hungary have the right to social security; they are entitled to the support required to live in old age, and in the case of sickness, disability, being widowed or orphaned and in the case of unemployment through no fault of their own.
www.oefre.unibe.ch /law/icl/hu00000_.html   (10612 words)

  
 Hungary Economy - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International Agreements, ...
After Hungary's failed popular revolution against communist rule in 1956, the government opted to foster domestic tranquility and legitimize control by the Hungarian Socialist Workers' Party by steadily improving the Hungarians' standard of living through economic growth.
First, except for excess workers in existing enterprises, Hungary no longer has an untapped labor pool, such as the one that existed after World War II in the female and peasant populations.
Third, Hungary can pay for imports of raw materials and efficiency-improving Western technology only by exporting goods whose quality and price are competitive in the world market.
www.photius.com /countries/hungary/economy/hungary_economy_economy.html   (541 words)

  
 Hungary Real Estate - Property in Hungary
Hungary is fulfilling all the conditions aforementioned, making property in Hungary a great investment, therefore, Hungary real estate market is flourishing.
Hungary's government's efforts have led to improvement in Hungary's economical condition and to increasing stability.
Today, Hungary is a rather stable country, whose economical situation is steadily improving thanks to proper government planning, EU support and foreign investment.
www.matyasudvar.hu /English/hungary-property.php   (829 words)

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