Capital: Budapest                        HDI: 0.818 (43rd)

Language: Hungarian

GDP (PPP): $246.4 billion

Population: ~ 9.9 million

Currency: Forint

Hungary is situated in the heart of Europe with a unique culture and language that stands apart from its Germanic and Slavic neighbors. Hungarians enjoy high standards of living and levels of education while having a lower cost of living than in Western Europe. The country was formerly a part of the communist bloc, but has successfully made the transition to a market economy. The government has done a good job at making Hungary attractive to foreign investors through reduction of the corporate tax rate, and reforms that have reduced the government deficit; the environment is now a more stable and safe place in which to do business.





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