Facts about Hungary
Hungary is a landlocked country in the Carpathian Basin of Central Europe, bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. Its capital is Budapest. Hungary is one of the 15 most popular tourist destinations in the world, with a capital regarded as one of the most beautiful in the world.
Hungary has a continental climate, with cold, cloudy, humid winters and warm to hot summers. Average annual temperature is 9.7 °C. Temperature extremes are about 42 °C in the summer and −29 °C in the winter. Average temperature in the summer is 27 to 35 °C , and in the winter it is 0 to −15 °C . The average yearly rainfall is approximately 600 millimeters.
Hungary held its first multi-party elections in 1990, following four decades of Communist rule, and has succeeded in transforming its centrally planned economy into a market economy. Both foreign ownership of and foreign investment in Hungarian firms are widespread. Hungary continues to demonstrate economic growth as one of the newest member countries of the European Union. Hungary gets nearly one third of all foreign direct investment flowing in to Central Europe, with cumulative foreign direct investment totaling more than US$23 billion since 1989.
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