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Introduction: Hungary became a Christian kingdom in A.D. 1000 and for many centuries served as a bulwark against Ottoman Turkish expansion in Europe. The kingdom eventually became part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under Communist rule following World War II. In 1956, a revolt and an announced withdrawal from the Warsaw Pact were met with a massive military intervention by Moscow. Under the leadership of Janos KADAR in 1968, Hungary began liberalizing its economy, introducing so-called "Goulash Communism." Hungary held its first multiparty elections in 1990 and initiated a free market...

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Economic Overview: Hungary has been one of the more advanced market economies amongst the new EU member states in Central and Eastern Europe with the private sector accounting for approximately 75 per cent of GDP. The economy has been extensively liberalised through privatisation, foreign investment and the introduction of comprehensive commercial laws. Further reforms are planned. A high degree of integration with the EU market makes Hungary an attractive trade and investment partner. Key reasons why foreign investors choose Hungary are the quality of its workforce, its excellent infrastructure, its central geographic location and relatively low costs. In ...

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Government and Political Conditions: The president of Hungary, elected by the National Assembly every 5 years, has a largely ceremonial role, but powers include requesting the winner of a parliamentary election to form a cabinet. That person then presents his program to Parliament, and is in turn ratified by that body as prime minister. The prime minister selects cabinet ministers and has the exclusive right to dismiss them. Each ...

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International Relations: Relations with the UK

Hungary plays an active role in overseas peace-keeping and security operations, primarily in the Balkans but also in Afghanistan, where they have troops and a Provincial Reconstruction Team (PRT), and Iraq. Hungary has a strong interest in the social and cultural well-being of ethnic Hungarians in neighbouring countries (i.e. in territory that was part of Hungary before the country was reduced in size by roughly two-thirds at the Treaty of Trianon, 1920).

There is a healthy trade and investment relationship and British tourists frequently visit. Hungarians work and study in the ...

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The Hungarian People's Republic emerged in 1949 after the Hungarian Workers' Party eliminated its rivals and assumed control of the state. Soviet control of Eastern Europe after World War II had enabled a minuscule communist party lacking popular support to gain power in the country and gradually eliminate its political rivals. Under Matyas Rakosi, the party consolidated its control and radically ...

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Area Handbook Series
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