Flag_of_Hungary.svg Hungary

Political system

Hungary is located in the heart of the Carpathian Basin. The country’s area is 93,036 km2, and its population is 9,998,000. Hungary’s public administrative regional units are comprised of the capital city and nineteen counties. There are 3,152 cities and municipalities in Hungary.

On April 18 2011 the Hungarian Parliament adopted Hungary’s new Fundamental Law, which was signed in a ceremonial event by the President of Hungary, Pál Schmitt, on Easter Monday, 25 April 2011. The new Fundamental Law came into effect on 1 January 2012. Political system of Hungary takes place in a framework of a parliamentary representative democratic republic.

The President of the Republic, elected by the National Assembly every fifth years, has a largely ceremonial role, but he is nominally the Commander-in-Chief of the armed forces and his powers include the nomination of the Prime Minister who is to be elected by a majority of the votes of the Members of Parliament, based on the recommendation made by the President of the Republic.

The Prime Minister is officially appointed by the President of Hungary. According to the Hungarian Constitution, the President shall appoint the leader of the political party with the majority of the votes in the Parliament as Prime Minister. If there is no party with a majority, the leader of the largest party is asked to attempt to form a government. Therefore, the election of members of a certain party to parliament is the equivalent to a vote for that party’s leader for Prime Minister. There is no limit to the number of mandates as Prime Minister. He/she is appointed by the President of the Republic, after the legislative elections and after an audience with every leader of a party represented at the Assembly.

The Prime Minister has a leading role in the executive branch in accordance with the Hungarian Constitution, which is based on the post-World War II Basic Law of the Federal Republic of Germany. Further, the Prime Minister selects Cabinet ministers and has the exclusive right to dismiss them as is the case with the Chancellor of Germany. Cabinet nominees appear before one or more parliamentary committees in consultative open hearings. They must then survive a vote by Parliament and be formally approved by the President.

Office Name Party Sine
President János Áder Fidesz 10 May 2012
Prime Minister Viktor Orbán Fidesz 29 May 2010

The National Assembly or Diet (Hungarian: Országgyűlés) is the parliament of Hungary. The unicameral body consists of 199 (was 386 between 1990 and 2014) members elected to 4-year terms. Election of members is based on a complex system involving both area and list election; parties must win at least 5% of the popular vote in order to enter list members the assembly (but area winners enter regardless).

Parties

Fidesz – Magyar Polgári Szövetség

Fidesz – Hungarian Civic Union (Fidesz - Magyar Polgári Szövetség) Founded: 30 March 1988 Leaders: President: Viktor Orbán Vice Presidents...

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Magyar Szocialista Párt

Hungarian Socialist Party (Magyar Szocialista Párt) Founded: 7 October 1989 Leaders: President: Tóbiás József Vice President: Gőgös Zoltán Vice: Lukács...

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Jobbik – Magyarországért Mozgalom

Jobbik - Movement for a Better Hungary (Jobbik - Magyarországért Mozgalom) Founded: 24 October 2003 Leaders: President: Gábor Vona Vice:...

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Kereszténydemokrata Néppárt

Christian Democratic People's Party (Kereszténydemokrata Néppárt) Founded:  1943, 1989 (refoundation) Leaders: President: Semjén Zsolt Vice: Bagdy Gabor, Rétvári Bence, Surján...

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Lehet Más a Politika

Politics Can Be Different (Lehet Más a Politika) Founded: 26 February 2009 Leaders: President: Schiffer András, Szél Bernadett   Ideology:...

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Demokratikus Koalíció

Democratic Coalition (Demokratikus Koalíció) Founded: 22 October 2011 Leaders: President: Ferenc Gyurcsány Vice: Csaba Molnar (Executive Vice President), Ágnes Vadai,...

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Együtt 2014

Together 2014 (Együtt 2014) Founded: 8 March 2013 Leaders: President: Juhász Péter, Kónya Péter, Szigetvári Gordon Bajnai Ideology:  Social democracy...

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Párbeszéd Magyarországért

Dialogue for Hungary (Párbeszéd Magyarországért) Founded: 17 February 2013 Leaders: President: Szabó Tímea, Jávor Benedek Ideology:  Green liberalism Political position:...

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Magyar Liberális Párt

Hungarian Liberal Party (Magyar Liberális Párt) Founded: 27 April 2013 Leaders: President: Fodor Gábor Ideology:  Liberalism Political position: Center-left National...

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Latest polls

44,5%% Fidesz
26%% Unity
20,5%% Jobbik
5,3%% LMP

Macroeconomic data

  • GDP Q/Q:
    • 2013 Q2: -0.3%
    • 2013 Q3: -0.8%
    • 2013 Q4: 0.5%
    • 2014 Q1: 1.1%
  • GDP/Capita:
    • 2011: 20,000 USD
    • 2012: 19,800 USD
    • 2013: 19,800 USD
  • Inflation Rate (Y/Y):

     

    • Jan/14: 0.4%
    • Feb/14: 0.0%
    • Mar/14: 0.1%
    • Apr/14:- 0.1%
    • May/14: 0.1%
    • Jun/14: 0.1%
    • Jul/14: 0.3%
    • Aug/14: 0.1%

     

  • Budget deficit:
    • 2011: 82.2%
    • 2012: 82.1%
    • 2013: 79.8%
    • 2014: 79.2%
  • Public debt:
    • 2011: 82,2%
    • 2012: 82,1%
    • 2013: 79,8%
  • Unemployments (monthly):
    • May/2014: 8.1%
    • June/2014: 8%
    • July/2014: 8%
  • Export netto / GDP:
    • 2010: 81.8%
    • 2011: 87.5%
    • 2012: 89.2%
    • 2013: 89.4%

     

Media

Public television broadcasting

Duna Televízió – ‘The Hungarian Nation’s TV’ which was launched in 1992. Managed and primarily funded by the Media Service Support...

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Private television broadcasting

ATV – Hungary’s first private television channel, founded in 1990. It is mainly owned by the religious Hit Gyülekezete influenced...

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Public radio stations

Duna World Rádió – Satellite radio of Duna Televízió, available also in internet. It offers 8 hours of programme per...

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Private radio stations

Inforádió – Hungary’s first news radio station. It broadcasts news in every 15 minutes. Klubrádió – A commercial talk and...

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Newspapers

168 Óra – Left-liberal weekly magazine mainly dealing with public affairs. Barikád – Radical, far-right weekly magazine. The publisher of...

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Key companies

MOL Hungary MOL Group

English name: Hungarian Oil and Gas Public Limited Company Full name: Magyar Olaj- és Gázipari Nyilvánosan működő Részvénytársaság Abbreviation: MOL...

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MVM Group

Full name: Magyar Villamos Művek Zrt. Abbreviation: MVM Group Founded: 1948 Industry: electricity Key people:  Csaba Baji (CEO)   Shareholders:...

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Audi Hungaria  

Full name: Audi Hungaria Motor Kft. Abbreviation: Audi Hungaria Founded: 1993 Industry: automobile Key people:  Thomas Faustman   Shareholders: 99.14%...

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Magyar Suzuki  

 Full name: Magyar Suzuki Zrt. Abbreviation: Magyar Suzuki Founded: 1991 Industry: automobile Key people:  Takeucsi Hiszasi, László Urbán   Shareholders:...

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OTP Bank

Full name: OTP Bank Abbreviation: OTP Founded: 1949 Industry:  banking, financial services Key people:  Sándor Csányi (chairman, CEO)   Shareholders:...

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GE Hungary Zrt.

Full name: GE Hungary Zrt. Abbreviation: GE Founded: 1989 Industry:  Technology Infrastructure, Industrial Solutions and Healthcare Key people:  Peter Stracar...

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Magyar Telekom Nyrt.

Full name: Hungarian Telekom Telecommunications Plc. Abbreviation: Magyar Telekom Founded: 1991 Industry:  telecommunication Key people:  Christopher Mattheisen   Shareholders: Deutche...

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E.ON Hungária Zrt.

Full name: E.ON Hungária Zrt. Abbreviation: E.ON Founded: 1995 Industry:  energy Functions:  Control of the subsidiary companies Engineering services Financial...

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Wizz Air

Full name: Wizz Air Hungary Ltd. Abbreviation: Wizz Air Founded: 2003 Industry: airline Key people: Váradi József (CEO)   Shareholders:...

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Richest

List by assets (billion USD)

Position Name           in 2013  in 2014
First Sándor Csányi           135 150
Second Laszlo chick           130 145
3rd George Gattyán           118 135
4th Várszegi Gabor           110 130
5th Demján           90 91
6th Wide Gabor           83 88
7th Tibor Veres           83.5 86
8th Thomas Leisztinger           77 79.5
9th Thomas Rakosi           75 79
10th George Wáberer           72 73
11th Louis mower           47 53
12th Running Peter           49 49.5
13th Psalm Felcsuti           37.5 45
14th Geza Pap           52 42
15th Gabor Kovacs           40 40

 

Source:http://www.napi.hu/magyar_gazdasag/itt_a_lista_ok_a_leggazdagabbak_es_a_legbefolyasosabbak_magyarorszagon.580954.html