Hungary For The Suburbs
Posted by Goody on 04/17/08 in Business
Three years on from becoming a member of the EU, Hungary shows all the signs of a marketplace that has grown up, matured, learned from its mistakes and is progressing towards becoming a fully-fledged member of Europe.
The country has pursued decidedly reformist policies since the early 1990s and has been rewarded for it with consistently above-average rates of economic growth and a relatively high standard of living compared to other Eastern European countries. The regeneration of the city has taken form over the last few years as the last vestiges of Soviet-era tower block architecture are being smartened up for the discerning international clientèle which now flock into Budapest.
Almost two-thirds of Hungary’s economic activity is concentrated in Budapest, which has kept the market here thriving, and continually attracts millions of tourists every year, who regularly rate the capital among such vaunted company as Paris and Vienna.
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