Hungary

Wikipedia Country Information

Hungary (; Hungarian: Magyarország [ˈmɒɟɒrorsaːɡ]) is a unitary parliamentary republic in Central Europe. It covers an area of 93,030 square kilometres (35,920 sq mi), situated in the Carpathian Basin, and is bordered by Slovakia to the north, Romania to the east, Serbia to the south, Croatia to the southwest, Slovenia to the west, Austria to the northwest, and Ukraine to the northeast. With about 10 million inhabitants, Hungary is a medium-sized member state of the European Union. The official language is Hungarian, which is the most widely spoken Uralic language in the world. Hungary's capital and its largest city and metropolis is Budapest, a significant economic hub, classified as a leading global city. Major urban areas include Debrecen, Szeged, Miskolc, Pécs and Győr.
Following centuries of successive habitation by Celts, Romans, West Slavs, Gepids and Avars, the foundation of Hungary was laid in the late 9th century by the Hungarian grand prince Árpád in the conquest of the Carpathian Basin. His great-grandson Stephen I ascended the throne in 1000, converting the country to a Christian kingdom. By the 12th century, Hungary became a middle power within the Western world, reaching a golden age by the 15th century. Following the Battle of Mohács in 1526 and about 150 years of partial Ottoman occupation (1541–1699), Hungary came under Habsburg rule, and later formed the great power Austro–Hungarian Empire together with Austria.
Hungary's current borders were established in 1920 by the Treaty of Trianon after World War I, when the country lost 71% of its territory, 58% of its population, and 32% of ethnic Hungarians. Following the interwar period, Hungary joined the Axis Powers in World War II, suffering significant damage and casualties. Hungary became a satellite state of the Soviet Union, which contributed to the establishment of a socialist republic spanning four decades (1947–1989). The country gained widespread international attention regarding the Revolution of 1956 and the seminal opening of its previously-restricted border with Austria in 1989, which accelerated the collapse of the Eastern Bloc. On 23 October 1989, Hungary again became a democratic parliamentary republic.
In the 21st century, Hungary is a middle power and has the world's 57th largest economy by nominal GDP, as well as the 58th largest by PPP, out of 191 countries measured by IMF. As a substantial actor in several industrial and technological sectors, it is the world's 35th largest exporter and 34th largest importer of goods. Hungary is an OECD high-income economy with a very high standard of living. It keeps up a social security and universal health care system, and a tuition-free university education. Hungary performs well in international rankings: it is 20th in quality of life, 24th in Good Country Index, 28th in inequality-adjusted human development, 32nd in the Social Progress Index, 33rd in Global Innovation Index and ranks as the 15th safest country in the world.
Hungary joined the European Union in 2004 and has been part of the Schengen Area since 2007. Hungary is a member of the United Nations, NATO, WTO, World Bank, the AIIB, the Council of Europe, the Visegrád Group and more. Well known for its rich cultural history, Hungary has contributed significantly to arts, music, literature, sports and science and technology. Hungary is the 11th most popular country as a tourist destination in Europe, attracting 14.3 million international tourists in 2015. It is home to the largest thermal water cave system and the second largest thermal lake in the world, the largest lake in Central Europe and the largest natural grasslands in Europe.


Instruments ratified: 180 / 282
World Average Ratifications: 114 / 282
Ratification rate: 62.36%
World Average Rate: 41.25%
Weighted score: 68.20%
World Average Weighted Score: 41.25%
World rank: 19 / 194
Eastern Europe rank: 1 / 10
Eastern Europe Avg. Ratifications: 160 / 282
Europe Union rank: 16 / 28
Europe Union Avg. Ratifications: 180 / 282
Transition economy rank: 2 / 28
Transition economy Avg. Ratifications: 141 / 282
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws0/70.00%3.00%27Weak
E-commerce0/30.00%18.00%70Weak
Franchising0/10.00%0.00%1Average
Leasing/Factoring2/2 (100.00%)100.00%5.00%1Strong
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods3/5 (60.00%)81.82%25.00%2Strong
Travel contracts0/10.00%3.00%7Weak
Total521.74%9.00%12Strong
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation2/6 (33.33%)40.00%26.00%48Strong
Exemption from Duties5/9 (55.56%)62.96%30.00%37Strong
Temporary Admission9/11 (81.82%)91.18%28.00%9Strong
Transit3/4 (75.00%)100.00%28.00%1Strong
Total2176.09%31.00%16Strong
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration3/6 (50.00%)65.00%32.00%6Strong
Judicial cooperation4/5 (80.00%)84.21%36.00%27Strong
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction1/4 (25.00%)100.00%14.00%1Strong
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
Total868.00%29.00%10Strong
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air5/5 (100.00%)100.00%86.00%1Strong
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy2/2 (100.00%)100.00%25.00%1Strong
Flora and fauna6/10 (60.00%)65.22%68.00%91Weak
Foodstuff2/2 (100.00%)100.00%79.00%1Strong
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses1/1 (100.00%)100.00%18.00%1Strong
Maritime and Law of the Sea13/26 (50.00%)61.96%46.00%61Strong
Protected geographical areas 1/1 (100.00%)100.00%27.00%1Strong
Waste1/1 (100.00%)100.00%93.00%1Weak
Total3373.44%61.00%43Strong
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes3/4 (75.00%)50.00%8.00%1Strong
Cheques3/3 (100.00%)100.00%13.00%1Strong
Credit transfers0/10.00%0.00%1Average
International guarantees0/30.00%20.00%75Weak
Total624.39%12.00%32Strong
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption3/4 (75.00%)75.00%50.00%6Strong
Cultural Property4/4 (100.00%)100.00%54.00%1Strong
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total1292.31%68.00%2Strong
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards8/8 (100.00%)100.00%86.00%1Strong
Total15100.00%91.00%1Average
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution0/10.00%39.00%77Weak
International Trade Law 10/10 (100.00%)100.00%73.00%1Strong
Trade support institutions4/6 (66.67%)66.67%51.00%56Strong
Total1482.35%63.00%46Strong
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright3/3 (100.00%)100.00%65.00%1Strong
Industrial designs2/2 (100.00%)100.00%31.00%1Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights3/3 (100.00%)100.00%46.00%1Strong
Origin3/3 (100.00%)100.00%14.00%1Strong
Patents4/5 (80.00%)85.71%57.00%30Strong
Trademarks4/6 (66.67%)72.73%33.00%36Strong
Varieties of plants1/1 (100.00%)100.00%37.00%1Strong
Total2189.47%42.00%9Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total266.67%57.00%2Strong
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources0/10.00%24.00%48Weak
Timber0/10.00%31.00%61Weak
General1/1 (100.00%)100.00%92.00%1Weak
Total138.46%53.00%85Weak
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport5/7 (71.43%)90.48%59.00%4Strong
Aircrafts and civil aviation 6/9 (66.67%)88.00%74.00%37Strong
Maritime shipping and load lines 11/13 (84.62%)88.57%66.00%50Strong
Maritime transport5/12 (41.67%)45.83%27.00%22Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport3/3 (100.00%)100.00%22.00%1Strong
Road transport4/4 (100.00%)100.00%31.00%1Strong
Space3/4 (75.00%)83.33%40.00%16Strong
Telecommunications1/2 (50.00%)83.33%47.00%26Strong
Total3882.43%50.00%6Strong
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General2/4 (50.00%)66.67%30.00%11Strong
Total266.67%30.00%11Strong
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements1/2 (50.00%)50.00%18.00%26Strong
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total272.73%47.00%26Strong
 
Strong
ContractsLeasing/Factoring
ContractsSale of Goods
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsExemption from Duties
CustomsTemporary Admission
CustomsTransit
Dispute resolutionArbitration
Dispute resolutionJudicial cooperation
Dispute resolutionState court jurisdiction
Environment and productsAir
Environment and productsChemicals
Environment and productsEnergy
Environment and productsFoodstuff
Environment and productsInternational watercourses
Environment and productsMaritime and Law of the Sea
Environment and productsProtected geographical areas
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Good Governance Corruption
Good Governance Cultural Property
Good Governance Organized crime
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationInternational Trade Law
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyNeighboring Rights
Intellectual propertyOrigin
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment disputes
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOPlurilateral Agreements
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsE-commerce
ContractsProcurement
ContractsTravel contracts
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsFlora and fauna
Environment and productsGeneral
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyInternational guarantees
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Institutional ParticipationDispute Resolution
Intellectual propertyIntegrated circuits
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsMulti modal transport

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