Forint dancing czardas

In investments in the Hungarian economy in the first place is Germany. Followed by the United States, Austria, the Netherlands, France, Britain, Italy. Despite the orientation of Hungary to Western Europe, there are about 300 joint Russian-Hungarian companies most actively and effectively of them - "Gazimpeks", "Agrohimtranspak", "DKG-EAST", "Panrusgaz."

The Russian consumer is now in great demand Hungarian canned goods, meat, wine, medicine. Bus "Ikarus" in our country continues to carry millions of passengers in various cities and towns. Although it should be noted a significant reduction in the total foreign trade turnover between BP and Russia in 90 years. Success attracting foreign capital in Hungary due to a number of factors. It is above all a stable political climate, a reasonable and prudent macroeconomic policies, well-established legal framework, developed system of business support, expertise and relatively cheap labor force.

In addition, in recent years, economic legislation of Hungary formed on the practice and standards of the EU. The country has quite a modern sound banking system, effectively acting Stock Exchange, a network of investment funds, which ably support the interest of foreign investors in the Hungarian economy.

What happened to the HUF?

Particular attention should be paid to the monetary policy in Hungary, skillfully maintaining a stable rate of the forint by the central bank and the government. In the 12 years of radical economic and social change course forint has undergone significant changes. However, the National Bank of Hungary were quite restrained and skillful exchange rate policy, gradually reducing the rate of the forint against the German mark (recently - Euro) and the U.S. dollar. Therefore Magyars managed to avoid their "Black Tuesday", a sharp devaluation of the national currency and the denomination, which was typical for Russia.

In August 1989, when the Hungarian occurred peaceful change of the social system, to the U.S. dollar gave 60 forints. For 12 years, the forint exchange rate gradually decreased, reaching the middle of 2001, the ratio 300 forints per $ 1. But then the rate has stabilized, and in 2002, he hovers around 265-285 forints mark for $ 1.

What's next?

Hungarian experts say that their early entry into the EU for Russian exporters will create a more favorable situation. Although it is now in the trade between the two countries there is a huge disparity in favor of Russia due to high energy prices: $ 2 billion (exports of Russia) vs. $ 236 million (exports to Hungary). Indeed, unable to compete with foreign food products, almost vanished from the Russian shelves inexpensive but quite good Hungarian wines (think "Tokaj", or at least the famous sweet bodachenskoe "Gray Monk", once hailed by the great Hungarian poet Sandor Petofi) canned vegetables and fruits, and finally remove the Hungarian chicken, which replaced the controversial "Bush legs".

On the other hand, despite all the efforts of the Hungarians failed to really successfully introduced in Western countries, although there Hungarian goods and not so rare. In recent years, the Hungarians are working hard to win back a place in the sun on the Russian market. And so the big firms, the pharmaceutical company "Gedeon Richter", "Icarus", "Globe", it is possible.

Years have passed since the collapse of the socialist system, and it seems that it all fell into place. Russia is a great and small, but has achieved considerable success in the development of market economy, Hungary. In fact, both countries profess the same values between the two is the pending issues, we have nothing to share. On the contrary, we can and should complement each other. There is no need to declare solemnly, as before, the "eternal friendship". We simply have to live and work, raise a family, enjoy life, to trade and to visit each other's homes. Incidentally, Balaton still fabulously beautiful!