Judicial branch: Constitutional Court, judges are elected by the
National Assembly for nine-year terms
Political parties and leaders: Alliance of Free Democrats or SZDSZ
; Christian Democratic People's Party or KDNP
; Hungarian Civic Party or FIDESZ [Laszlo
KOVER, chairman]; Hungarian Democratic Forum or MDF [Ibolya DAVID,
chairman]; Hungarian Democratic People's Party or MDNP [Erzsebet
PUSZTAI, chairman]; Hungarian Justice and Life Party or MIEP [Istvan
CSURKA, chairman]; Hungarian Socialist Party or MSZP [Laszlo KOVACS,
chairman]; Hungarian Workers' Party or MMP ;
Independent Smallholders or FKGP
International organization participation: ABEDA, Australia Group, BIS,
CCC, CE, CEI, CERN, EAPC, EBRD, ECE, EU (applicant), FAO, G- 9, IAEA,
IBRD, ICAO, ICFTU, ICRM, IDA, IEA, IFC, IFRCS, ILO, IMF, IMO,
Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, NAM (guest), NATO,
NEA, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, PFP, UN, UNCTAD,
UNESCO, UNFICYP, UNHCR, UNIDO, UNIKOM, UNMIBH, UNMIK, UNOMIG, UNU,
UPU, WEU (associate), WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Geza JESZENSZKY chancery: 3910 Shoemaker Street NW, Washington, DC 20008 telephone: (202) 362-6730 FAX: (202) 966-8135 consulate(s) general: Los Angeles and New York
Diplomatic representation from the US: chief of mission: Ambassador Peter F. TUFO embassy: V. 1054 Szabadsag Ter 12, Budapest mailing address: pouch: American Embassy Budapest, Department of State, Washington, DC 20521-5270 telephone: (1) 475-4400, 475-4703 (after hours) FAX: (1) 475-4764
Flag description: three equal horizontal bands of red (top), white, and green
@Hungary:Economy
Economy - overview: Hungary continues to demonstrate strong economic growth and to work toward accession to the European Union. Over 85% of the economy has been privatized. Foreign ownership of and investment in Hungarian firms has been widespread with cumulative foreign direct investment $21 billion by 1999. Hungarian sovereign debt is now rated investment grade. GDP growth of 4% in 1999 will likely be matched or even exceeded in 2000. Inflation, while diminished, is still high at 10%. Economic reform measures include regional development, encouragement of small- and medium-size enterprises, and support of housing.
GDP: purchasing power parity - $79.4 billion (1999 est.)
GDP - real growth rate: 4% (1999 est.)