Hungary is a landlocked country in Central Europe. Spanning 93,030 square kilometres (35,920 sq mi) of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and Slovenia to the southwest, and Austria to the west. Hungary has a population of 9.7 million, mostly ethnic Hungarians and a significant Romani minority. Hungarian, the official language, is the world's most widely spoken Uralic language and among the few non-Indo-European languages widely spoken in Europe. Budapest is the country's capital and largest city; other major urban areas include Debrecen, Szeged, Miskolc, Pécs, and Győr.
The economy of Hungary is a high-income mixed economy, ranked as the 9th most complex economy according to the Economic Complexity Index. Hungary is a member of the Organisation for Economic Co-operation and Development (OECD) with a very high human development index and a skilled labour force, with the 22nd lowest income inequality by Gini index in the world. The Hungarian economy is the 53rd-largest economy in the world with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. Hungary's productive capacity is more than 80% privately owned, with 39.1% overall taxation, which funds the country's welfare economy. On the expenditure side, household consumption is the main component of GDP and accounts for 50% of its total, followed by gross fixed capital formation with 22% and government expenditure with 20%.
Hungary wields considerable influence in Central and Eastern Europe and is a middle power in international affairs. The foreign policy of Hungary is based on four basic commitments: to Atlantic co-operation, to European integration, to international development and to international law. The Hungarian economy is fairly open and relies strongly on international trade.
Budapest is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the largest city on the Danube river; the city has an estimated population of 1,752,286 over a land area of about 525 square kilometres. Budapest, which is both a city and county, forms the centre of the Budapest metropolitan area, which has an area of 7,626 square kilometres and a population of 3,303,786. It is a primate city, constituting 33% of the population of Hungary.
OTP Bank Group is the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe and with banking services for private individuals and corporate clients. The OTP Group comprises subsidiaries in the field of insurance, real estate, factoring, leasing and asset management, investment and pension funds. Besides Hungary, OTP Group operates in 10 countries of the region via its subsidiaries: in Albania, in Bulgaria, in Croatia, in Romania, in Serbia, in Slovenia, in Ukraine, in Moldova, in Montenegro and in Russia.
Corvinus University of Budapest is a private research university in Budapest, Hungary. The university currently has an enrolment of approximately 9,600 students, with a primary focus on business administration, economics, and social sciences, operating in Budapest and Székesfehérvár since 1948. Corvinus University accepts students at six faculties and offer courses leading to degrees at the bachelor, master and doctoral level in specialisations taught in Hungarian, English, French or German.
Budapest Stock Exchange(BSE) (Hungarian: Budapesti Értéktőzsde (BÉT)) is the 2nd largest stock exchange in Central and Eastern Europe by market capitalization and liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank Previously, from 1864, during the Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary. The exchange is controlled by listed issuers, by Hungarian private investors and by the central bank. The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges.
The Nemzeti Bajnokság, also known as NB I, is the top flight of Hungarian football league system. The league is officially named OTP Bank Liga after its title sponsor, OTP Bank. UEFA currently ranks the league 28th in Europe.
Veszprém KC is a Hungarian professional handball club from Veszprém, that for sponsorship reasons is called Telekom Veszprém. Veszprém plays in the Hungarian Nemzeti Bajnokság I and are the most successful team in the country, having won the Hungarian Championship a record 27 times and the Hungarian Cup title a record 30 times. Veszprém has also won the regional SEHA League 4 times.
MKB Bank, formerly Magyar Külkereskedelmi Bank, is the second-largest commercial bank in Hungary behind OTP Bank.
CIB Bank is the second-biggest commercial bank in Hungary, after the 1 January 2008 merger with Inter-Európa Bank. This follows the 2007 merger of their respective Italian parent companies, Banca Intesa and Sanpaolo IMI to form Intesa Sanpaolo.
K&H Bank is one of the biggest commercial banks in Hungary, owned by the Brussels-based KBC Group since 1999.
There is a long history of tourism in Hungary, and Hungary was the world's thirteenth most visited tourist destination country in 2002. Tourism increased by nearly 7 percent between 2004 and 2005. European visitors comprise more than 98 per cent of Hungary's tourists. Austria, Germany, and Slovakia make the largest numbers of visitors to the country. Most tourists arrive by car and stay for a short period of time. Hungary's tourist season is from April through October. July and August are the best tourist months. Budapest is the country's most popular tourist destination.
Zsigmond Járai is a Hungarian politician, who served as Minister of Finance between 1998 and 2000. He was the President of the Budapest Stock Exchange between 1996 and 1998. After his ministership he was appointed President of the Hungarian National Bank. Járai was succeeded by András Simor in 2007.
Ferenc Ilyés is a retired Hungarian handball player.
Timuzsin Schuch is a former Hungarian handball player for the Hungarian national team.
The 17th FINA World Championships were held in Budapest, Hungary from 14 to 30 July 2017.
Vasas Budapest is a Hungarian professional basketball club based in Budapest. The team plays in the Nemzeti Bajnokság I/A, the highest division of basketball in Hungary.
Lőrinc Mészáros is a Hungarian businessman, and former politician, who served as Mayor of the hungarian village Felcsút between 2011 and 2018. With an estimated wealth of 436 billion forint ($1.3 billion) as of 2022, he is, according to Forbes, the third richest person in Hungary. Several media outlets refer to him as "oligarch".
