Hungary

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About Hungary

Hungary is a European country in the central region connecting both developed Western Europe with the lesser developed Eastern Europe. Hungary is part of the European Union. Hungary is a High Income Economy with a high human development index and a good standard of living.

Like most of the European countries, Hungary’s Economy prominently revolves around services and tourism. However, the country is well known for manufacturing of electronic, electrical and machinery manufacturing

Country Facts

 

Basic Details
RegionWestern Europe
Capital CityBudapest
Government Typeparliamentary representative democratic republic
Official LanguagesHungarian
CurrencyHungarian forint, HUF
Phone Code +36
Important CitiesBudapest, Debrecen, Szeged, Miskolc, Pécs, Gy?r, Nyíregyháza, Kecskemét
National DayRevolution Memorial Day (Oct-23)
Economy
Ease of Doing Business Ranking52
Primary IndustriesAgriculture,Health care,Industry.
Major ExportsElectrical machinery and equipment , Vehicles other than railway or tramway rolling stock, Machinery, mechanical appliances, nuclear reactors, boilers, Pharmaceutical products, Plastics and articles thereof, Optical, photographic, cinematographic, measuring, checking, precision, Mineral fuels, mineral oils , Rubber and articles thereof, Furniture, bedding, mattresses, mattress supports, cushions ., Articles of iron or steel
Major Exports to IndiaOrganic chemicals, Machinery, mechanical appliances, nuclear reactors, boilers, Pharmaceutical products, Electrical machinery and equipment , Vehicles other than railway or tramway rolling stock, Articles of iron or steel, Rubber and articles thereof, Plastics and articles thereof, Footwear, gaiters and the like, Edible vegetables and certain roots and tubers, Tobacco and manufactured tobacco substitutes, Iron and steel
Major ImportsElectrical machinery and equipment , Machinery, mechanical appliances, nuclear reactors, boilers, Vehicles other than railway or tramway rolling stock, Mineral fuels, mineral oils , Plastics and articles thereof, Pharmaceutical products, Articles of iron or steel, Optical, photographic, cinematographic, measuring, checking, precision, Iron and steel, Aluminium and articles thereof, Rubber and articles thereof
Major Imports from IndiaOrganic chemicals, Electrical machinery and equipment , Machinery, mechanical appliances, nuclear reactors, boilers, Optical, photographic, cinematographic, measuring, checking, precision, Paper and paperboard, articles of paper pulp, of paper or of paperboard, Vehicles other than railway or tramway rolling stock, Articles of iron or steel, Railway or tramway locomotives, rolling stock , Rubber and articles thereof, Pharmaceutical products
Foreign Relations
Flags
Maps
Trade Agreements with IndiaAvoidance of Double Taxation and Prevention of Fiscal Evasion (2003) Agreement for the Promotion and Protection of Investments (2003) MoU on IT Cooperation (2003) Agreement on Defence Cooperation (2003) Agreement on Exemption of Visa Requirement for holders of diplomatic and official passports (2003) Agreement on cooperation in the field of Health & Medicine (2008) Agreement on Cooperation in the field of Agriculture and allied sectors (2008) Letter of Intent on Strategic Research Fund between India and Hungary (2008) MoU between Oil and Natural Gas Corp. Ltd. and MOL Hungarian Oil and Gas Plc. for Cooperation in Hydrocarbon Sector (2008) Agreement on Social Security between India and Hungary (2010) Agreement between Semmelweis University Faculty of Physical Education and Sport Sciences (TF), Hungary and Sport Authority of India (2011) MoU on Traditional Systems of Medicine (2013) MoU on Cooperation in the field of Sports (2013) Cultural Exchange Programme, 2013-15 Letter of Intent for Indo-Hungarian Strategic Research Fund (enhanced contribution of Euro 2 million each for 2014-17. Education Exchange Programme signed in Budapest on 19 November 2014. MOU on Cooperation in the field of Water Management – October 2016 MOU between the Indian Council of World Affairs and Institute of Foreign Affairs and Trade of Hungary – October 2016. MOU between Central Council for Research in Ayurvedic Sciences and the University of Debrecen for establishment of European Institute of Ayurvedic Sciences, in October 2017. MOU between Eotvos Lorand University(ELTE) of Hungary and Indian Council for Cultural Relations(ICCR, New Delhi for establishment of Hindi Chair at ELTE university in September 2018. Cultural Exchange Program for 2019-22 was signed during the visit of EAM to Hungary in August 2019.
Bordering NationsAustria, Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia.
Member of(European Union), ( Union for the Mediterranean), ( United Nations)
Indian Embassy DetailsH.E Mr. Kumar Tuhin
Honourable Ambassador
Embassy of India
H-1025 Budapest Buzavirag u. 14
Email: consular@indianembassy.hu
Phone:  0036-1-325-7742 /43
Embassy Details in IndiaH.E. Mr. Gyula Petho
Honourable Ambassador
Embassy Of The Republic Of Hungary
2/50 M, Niti Marg, Chanakyapuri, New Delhi,Delhi (NCT)-110021
Email: mission.del@mfa.gov.hu
Phone: 91-11-26881135

 

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