Forint dancing czardas

The new prime minister was a former intelligence officer, financial scout (sic! what arcade! What a coincidence!), A protege of the Socialist Party, Peter Medgyessy. Many of the current leaders of the Socialist Party had once studied in the Soviet Union, married to a Russian, they are not allergic to all former Soviet, like their predecessors, and so we can hope for better relations between the two countries, which at Viktor Orban had been very cool character . The new leaders of BP immediately made it clear that they support the reconstruction and development of bilateral relations.

Privatization in Hungarian

Since the late 90s the country is experiencing economic growth. Last year, the per capita GDP exceeded U.S. $ 5 thousand External debt declined in recent years (mainly due to the proceeds from the sale of state property) and is: gross debt - about $ 22 billion of net debt - $ 8.9 billion Hungary does not experience serious problems with debt servicing. By 1998, Budapest completely paid with IMF loans received earlier and now has a reputation for excellent and punctual borrower.

In 2001, the country's foreign exchange reserves amounted to about $ 8 billion in foreign direct investment from 1989 to 2001 amounted to over $ 25 billion (the highest figure for the former socialist countries). To date, the country has over 26,000 enterprises with foreign participation. They produce about 60% of gross domestic product and about 85% of products for export.


Country Hungaria

Republic of Hungary - a small Central European country has an area of 93 thousand square meters. km. Population - about 10 million people. Five million ethnic Hungarians living in neighboring countries: Romania, Slovakia, Yugoslavia and Ukraine. In the United States, Canada, Australia and most Western European countries Magyar diaspora very numerous and authoritative. At this site, the Danube Bend, the Magyars settled in the final 896. This date is called the "acquisition of the motherland." And after a century the great Hungarian king - King Saint Stephen I baptize people Pannonia.

The Hungarian language belongs to the Finno-Ugric languages. In its eighty-odd cases and almost no foreign debt. At the end of XIX century educator Hungarian Ferenc Kazinczy reformed native language, replacing the Latin stem in Hungarian. He did about that proposed for Russian Slavophiles.

The average wage in Hungary in 2001 was about $ 300. However, most manufactured goods, not to mention the agricultural products in Hungary are much cheaper than in developed European countries. For example, prices in the restaurants in Budapest three times lower than in Moscow.


The successes of the Hungarian industry, particularly engineering, largely due to the participation of transnational corporations, such as "General Motors", "Suzuki", "Ay-Bee-em," "General Electric", "Philips", "Siemens", "Henkel and Schering "" Shtollverk ", etc. On the other hand, under the control of foreign capital is more than 80% of the Hungarian manufacturing industry, about 95% of long-distance, about 80% of the banking and financial sector, over 65% of the country's power. Incidentally, there is a Hungarian bank and with 100% Russian participation. It is owned by Gazprombank "Universal Bank current values» (AEB). Foreign trade turnover with Russia currently stands at more than $ 2 billion.