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Hungary: Country and Foreign Investment

History, Population, Language and Culture

Hungary was established as a Christian kingdom in 1000 AD. The kingdom was part of the Austro-Hungarian Empire, which collapsed at the end of World War I. After World War I Hungary lost 70% of its territory. Following World War II, the country fell under a communist regime until 1956, when an anti-communist revolution broke out in Budapest. In 1989 Hungary was declared a republic and in 1990 Soviet troops left the country.

Hungary is a member of the OECD (1996), NATO (1999) and the European Union (2004). In 2007, Hungary became a full member of the Schengen area.

The population was estimated at just below 10 million in 2012. More than 93% of people are ethnic Hungarian, and the official language is Hungarian.

Hungary was the birthplace of many famous classical music performers including Ferenc Liszt, Bela Bartok and Zoltan Kodaly. Hungary is one of the most popular tourist destinations in the world, and has many UNESCO World Heritage Sites.

 

 

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