Country Report Hungary. Energy Policy and Policy Towards China
5/15/2013
HUNGARY COUNTRY REPORT Energy policy and policy towards China
1) OVERVIEW 1 1.1 General information 1 1.2 Most important sectors (% of GDP, 2011) 1 1.3 Main import sources (2010, % of total) 1 1.4 Main export markets (2010, % of total) 1 1.5 Main expenses of foreign exchange 1 1.6 Main sources of foreign exchange 1 1.7 Political situation: Government with a two-thirds majority 2 1.8 Economic situation: A second IMF bailout package is needed 2 2) MAIN REPORT 4 2.1 History and Characteristics of Transformation 4 2.2 National Democratic Governance 5 2.3 Electoral Process 6 2.4 Independent media 7 3) HUNGARY & THE E.U. 8 3.1 The history of Hungarian EU membership 8 3.2 Energy Policy 11 3.3 Policy towards China 13 4) SOURCES 15
1) OVERVIEW 1.1 General information
Capital: Budapest
Government type: Parliamentary democracy
Currency: Forint (HUF)
Population: 9.9 million
Status: Upper middle income country (GDP/capita: US$ 13,112 in 2011). 1.2 Most important sectors (% of GDP, 2011)
Services: 60 %
Industry/mining: 37 %
Agriculture: 3 % 1.3 Main import sources (2010, % of total)
Germany: 26.1%
Russia: 7.7%
China: 6.8%
Austria: 5.9% 1.4 Main export markets (2010, % of total)
Germany: 25.5%
Italy: 5.5%
UK: 5.4%
Romania: 5.3 %
The Netherlands: 4.4% 1.5 Main expenses of foreign exchange
Machinery and equipment (52 %),
Other manufactured products (32 %),
Fuel/energy (11 %) 1.6 Main sources of foreign exchange
Machinery and equipment (62 %),
Other manufactured products (29 %),
Food products (7 %), tourism
Source: www.atradius.com 1.7 Political situation: Government with a two-thirds majority
Head of state: President Pal Schmitt (since August 2010)
Head of government: Prime Minister Viktor Orban (since May 2010)
Form of government: Centre-right Fidesz party governs with an absolute majority in parliament
In the April 2010 parliamentary
HUNGARY COUNTRY REPORT Energy policy and policy towards China
1) OVERVIEW 1 1.1 General information 1 1.2 Most important sectors (% of GDP, 2011) 1 1.3 Main import sources (2010, % of total) 1 1.4 Main export markets (2010, % of total) 1 1.5 Main expenses of foreign exchange 1 1.6 Main sources of foreign exchange 1 1.7 Political situation: Government with a two-thirds majority 2 1.8 Economic situation: A second IMF bailout package is needed 2 2) MAIN REPORT 4 2.1 History and Characteristics of Transformation 4 2.2 National Democratic Governance 5 2.3 Electoral Process 6 2.4 Independent media 7 3) HUNGARY & THE E.U. 8 3.1 The history of Hungarian EU membership 8 3.2 Energy Policy 11 3.3 Policy towards China 13 4) SOURCES 15
1) OVERVIEW 1.1 General information
Capital: Budapest
Government type: Parliamentary democracy
Currency: Forint (HUF)
Population: 9.9 million
Status: Upper middle income country (GDP/capita: US$ 13,112 in 2011). 1.2 Most important sectors (% of GDP, 2011)
Services: 60 %
Industry/mining: 37 %
Agriculture: 3 % 1.3 Main import sources (2010, % of total)
Germany: 26.1%
Russia: 7.7%
China: 6.8%
Austria: 5.9% 1.4 Main export markets (2010, % of total)
Germany: 25.5%
Italy: 5.5%
UK: 5.4%
Romania: 5.3 %
The Netherlands: 4.4% 1.5 Main expenses of foreign exchange
Machinery and equipment (52 %),
Other manufactured products (32 %),
Fuel/energy (11 %) 1.6 Main sources of foreign exchange
Machinery and equipment (62 %),
Other manufactured products (29 %),
Food products (7 %), tourism
Source: www.atradius.com 1.7 Political situation: Government with a two-thirds majority
Head of state: President Pal Schmitt (since August 2010)
Head of government: Prime Minister Viktor Orban (since May 2010)
Form of government: Centre-right Fidesz party governs with an absolute majority in parliament
In the April 2010 parliamentary