Hun­gary: Pearl of the Danube

Beijing (English) - - CONTENTS -

Hun­gary is a land­locked coun­try in Cen­tral Eu­rope sit­u­ated on the al­lu­vial plains of the Danube River. The Alps to its west and Carpathi­ans to its north­east form a nat­u­ral bar­rier on three sides, block­ing the coun­try from strong winds and form­ing a pleas­ant cli­mate. It is di­vided into eastern and west­ern parts by Eu­rope's sec­ond long­est river, the Danube, which flows into the coun­try from south­ern Slo­vakia.

Oak, beech and linden trees grow in the na­tion's moun­tain­ous forests, and its plains fea­ture fer­tile, wideopen grass­lands. Hun­gary has the third largest re­serves of baux­ite in Eu­rope as well as smaller de­posits of nat­u­ral re­sources such as lig­nite, oil, nat­u­ral gas, ura­nium, iron and man­ganese.

Hun­gary's econ­omy is well de­vel­oped, there is a solid in­dus­trial foun­da­tion and liv­ing stan­dards in the coun­try are high. The coun­try de­vel­ops and man­u­fac­tures knowl­edge-in­ten­sive prod­ucts in­clud­ing com­put­ers, com­mu­ni­ca­tions equip­ment, in­stru­ments, chem­i­cals and phar­ma­ceu­ti­cals, mak­ing it an at­trac­tive coun­try for for­eign in­vestors. It also has a good agri­cul­tural foun­da­tion and pro­duces crops such as wheat, corn, beets and po­ta­toes for both do­mes­tic and for­eign con­sump­tion. The coun­try fea­tures unique nat­u­ral scenery and cul­tural at­trac­tions. Its well- de­vel­oped tourism in­dus­try has also be­come an im­por­tant source of for­eign- ex­change rev­enue.

The au­to­mo­bile in­dus­try has be­come a pil­lar in­dus­try in Hun­gary dur­ing re­cent years, and with over 700 au­to­mo­bile and parts man­u­fac­tur­ers, it ac­counts for 20 per­cent of the coun­try's to­tal ex­port rev­enues. Hun­gary's wellestab­lished phar­ma­ceu­ti­cal in­dus­try is also one of its most com­pet­i­tive. The na­tion has de­vel­oped into the largest pro­ducer and ex­porter of phar­ma­ceu­ti­cals in Cen­tral and Eastern Eu­rope, ac­count­ing for about 30 per­cent of ex­ports in the re­gion. As the largest pro­ducer of IT prod­ucts in Cen­tral and Eastern Eu­rope and the main pro­duc­tion base of the world elec­tron­ics in­dus­try, Hun­gary's an­nual out­put value is around 10 bil­lion eu­ros (US$11.4 bil­lion), ac­count­ing for 30 per­cent and 4.5 per­cent of the to­tal out­put value of the elec­tron­ics in­dus­try in Cen­tral and Eastern Eu­rope and the EU, re­spec­tively.

In terms of the agri­cul­tural in­dus­try, the Hun­gar­ian Gov­ern­ment has fo­cused on tech­ni­cal re­search, train­ing and con­sult­ing ser­vices since join­ing the EU and cre­ated mea­sures en­cour­ag­ing the devel­op­ment of non-gov­ern­men­tal or­ganic as­so­ci­a­tions based on Euro­pean and do­mes­tic de­mands. Rapid devel­op­ment has be­come a fea­ture of the agri­cul­tural in­dus­try in the coun­try, and the ex­port of agri­cul­tural prod­ucts is now a ma­jor source of for­eign-ex­change rev­enue. The coun­try's main agri­cul­tural prod­ucts in­clude grain, oil, veg­eta­bles, fruit, honey, dairy prod­ucts, an­i­mal byprod­ucts and other pro­cessed prod­ucts, of which 80 per­cent is ex­ported.

Hun­gary's tourism in­dus­try is even more de­vel­oped. The coun­try fea­tures many hot springs, with ther­mal wa­ter found in over 70 per­cent of the coun­try's ter­ri­tory which at­tracts vis­i­tors from all over the world. Bu­dapest is the cap­i­tal of Hun­gary and is lo­cated on the banks of the Danube. It is a fa­mous, an­cient, Euro­pean city. The largest fresh­wa­ter lake in Eu­rope, Lake Bala­ton, is also a big draw for tourists to the coun­try, as is its world­fa­mous se­lec­tion of beers and wines.

At the third “Colour­ful World” event, Hun­gary show­cased the devel­op­ment of an­i­mal hus­bandry in the coun­try through tra­di­tional cloth­ing in a range of styles such as skirts, capes, gloves, coats and waist­coats that were all made from wool and silk. A mem­ber of the de­sign team ex­plained that th­ese ma­te­ri­als form the ba­sis of tra­di­tional Hun­gar­ian cloth­ing. In or­der to keep up with chang­ing tastes, styles have been up­dated but ba­sic ma­te­ri­als re­main ba­si­cally un­changed.

Vis­i­tors to the booth ad­mired the beau­ti­ful colours, novel styles and high­qual­ity wool and silk prod­ucts.

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