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A former Communist country of the Eastern block, Hungary committed itselfto the path of democracy in 1989.

Publié le 23/05/2020

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« A former Communist country of the Eastern block, Hungary committed itself to the path of democracy in 1989.

Social peace and rapid reform (privatisation, restoration of nationalised properties) have marked this transition. In 1991 Hungary signed an association agreement with the EEC.

The European Union will start negotiations on its membership in 1998.

In 1994 the Hungarian Socialist Party, formed by ex-Communists, won the general election.

From 1995 the new government imposed an austerity policy.

Hungary today receives half of European capital investment in former Eastern bloc countries. A third of the Hungarian population lives in the capital, Budapest.

Two million Magyars, under Hungarian protection, live in Romania which leads to strained relations between the two states.

In addition, 600,000 more live in Slovakia.

Hungary has started a policy of appeasement towards these two neighbouring countries.. »

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