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Hungary - area profile
Travel to Hungary
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Hungarian politics
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City of Culture
City of waters and Spas
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Why is Budapest an attractive place to do business
Budapest’s Districts
A word of warning

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Hungarian Property Market Overview

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Location, Location, Location
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Rental market
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>>> Budapest articles& newa

Industrious industrial parks
Office space market expands fastest in five years in 2006
Budapest office rent among cheapest in region
The rental hunt on again in Hungary
Budapest
Wonderful Budapest: the best city to live in the region?

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Hungarian embassies abroad

Hungary - area profile

Full name: Republic of Hungary / Short version: Hungary
Full nam in local language: Magyar Köztársaság / Short version: Magyarország
Location: Central Europe
Time: GMT + 1 (GMT + 2 from last Sunday in March to last Sunday in October)
Area: 93,030 sq km (35,919 sq miles) • Population: 9.8 million (UN, 2005)
Population density: 92 per sq km
Capital: Budapest Population: 1.8 million (2005)
Language: Hungarian (Magyar) is the official language. German and English are widely spoken. Some French is also spoken, mainly in western Hungary.
Religion: 52 per cent Roman Catholic, 16 per cent Calvinist, 3 per cent Lutheran. Christian, Eastern Orthodox and Jewish minorities. There is no official national religion.
Government: Republic Head of State: President Laszlo Solyom since 2005 Head of Government: Prime Minister Ferenc Gyurcsany since 2004
Life expectancy: 68 years (men), 77 years (women) (UN)
Monetary unit: Forint (HUF)
Main exports: Machinery and transport equipment, foodstuffs, chemicals
GNI per capita: US $10,030 (World Bank, 2006) • Internet domain: .hu
International dialling code: +36
Electricity: 220 volts AC, 50Hz. European-style two-pin plugs are used

Public holidays in 2007

Jan 01 2007	Mon	New Year´s Day
Mar 15 2007	Thu	1848 Revolution memorial day
Apr 08 2007	Sun	Easter
Apr 09 2007	Mon	Easter Monday
May 01 2007	Tue	Labour Day
May 06 2007	Sun	Mother´s Day (HU)
May 27 2007	Sun	Whitsun
May 28 2007	Mon	Whit Monday
Aug 20 2007	Mon	Foundation Day / St. Stephen´s Day
Oct 23 2007	Tue	1956 Revolution memorial day / Proclamation of the Republic
Nov 01 2007	Thu	All Saints´ Day
Dec 02 2007	Sun	First Advent
Dec 09 2007	Sun	Second Advent
Dec 16 2007	Sun	Third Advent
Dec 23 2007	Sun	Fourth Advent
Dec 25 2007	Tue	Christmas
Dec 26 2007	Wed	2nd day of Christmas
Dec 31 2007	Mon	New Year´s Eve

Hungary and EU Accession

On 1 May 2004 Hungary became a full member of the European Union. Ten years earlier, in 1994, Hungary was the first of the Central and Eastern European countries to apply for EU membership. The negotiation process was launched in 1998 and since then Hungary has met the economic requirements of the accession and brought its legal system fully in line with the acquiesce of the EU.

All the laws that may potentially concern foreign investors have already been brought into line with the EU regulations, with the exception of certain environmental protection issues. With the EU’s financial assistance, Hungary aspires to close the gap between its level of development as a new member country and the EU average. The Hungarian government has been working on the establishment of the physical and legal infrastructure, which will enable the country to most effectively channel the EU sources, as well as to complement these sources with domestic funds.

Useful contact details

Hungarian embassies abroad

Apartments for rent in Budapest, Hungary for short and long term, accommodation for students, corporate housing and vacation rentals for tourists.