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Basic
Facts
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Hungary is a member of the EU.
• Population of Hungary: 10.1m.
• Stable Democratic Political System.
• Low inflation 4% in 2004
• GDP forecast for 2004 is 3.4 and for 2005 is 4.3 – Kopint-Datorg.
• 80% of GDP from private sector.
• Long range currency stability and pending Euro membership.
• Well developed industrial infrastructure.
• Protected private ownership of real estate.
• Real estate prices are low by Western European standards (Average
price per sqm of constructed dwelling: €1035).
• Population of Budapest: 1.7m.
• Unemployment rate in Budapest: 2.1%.
• Budapest is a World Heritage site.
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