Careers, Jobs and Education Resources for: Hungary

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Hungary became a Christian kingdom in A.D. 1000 and for many centuries served as a bulwark against Ottoman Turkish expansion in Europe. The kingdom eventually became part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under Communist rule following World War II. In 1956, a revolt and an announced withdrawal from the Warsaw Pact were met with a massive military intervention by Moscow. Under the leadership of Janos KADAR in 1968, Hungary began liberalizing its economy, introducing so-called "Goulash Communism." Hungary held its first multiparty elections in 1990 and initiated a free market economy. It joined NATO in 1999 and the EU in 2004. (from the CIA)


Economic Overview

Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the eu-25 average. the private sector accounts for more than 80% of gdp. foreign ownership of and investment in hungarian firms are widespread, with cumulative foreign direct investment totaling more than $60 billion since 1989. hungary issues investment-grade sovereign debt. international observers, however, have expressed concerns over hungary's fiscal and current account deficits. in 2007, hungary eliminated a trade deficit that had persisted for several years. inflation declined from 14% in 1998 to a low of 3.7% in 2006, but jumped to 7.8% in 2007. unemployment has persisted above 6%. hungary's labor force participation rate of 57% is one of the lowest in the organization for economic cooperation and development (oecd). germany is by far hungary's largest economic partner. policy challenges include cutting the public sector deficit to 4% of gdp by 2008, from about 6% in 2007. the government's austerity program of tax hikes and subsidy cuts has reduced hungary's large budget deficit, but the reforms have dampened domestic consumption, slowing gdp growth to about 2% in 2007. the government will need to pass additional reforms to ensure the long-term stability of public finances. the government plans to eventually lower its public sector deficit to below 3% of gdp to adopt the euro.

Environmental Issues

The upgrading of hungary's standards in waste management, energy efficiency, and air, soil, and water pollution to meet eu requirements will require large investments

Government Type

Parliamentary democracy


9,930,915 (july 2008 est.)


Central europe, northwest of romania


Total: 93,030 sq km land: 92,340 sq km water: 690 sq km

Slightly smaller than indiana

Country Aliases

Conventional long form: republic of hungary conventional short form: hungary local long form: magyar koztarsasag local short form: magyarorszag


Name: budapest geographic coordinates: 47 30 n, 19 05 e time difference: utc+1 (6 hours ahead of washington, dc during standard time) daylight saving time: +1hr, begins last sunday in march; ends last sunday in october

Military Service

18 years of age for voluntary military service; conscription abolished in june 2004; 6-month service obligation, with reserve obligation to age 50 (2006)

International Disputes

Bilateral government, legal, technical and economic working group negotiations continue in 2006 with slovakia over hungary's failure to complete its portion of the gabcikovo-nagymaros hydroelectric dam project along the danube; as a member state that forms part of the eu's external border, hungary has implemented the strict schengen border rules

Sources: Central Intelligence Agency (CIA)

127 Hungary Jobs Found

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Origin Multilingual - Budapest - posted 3 days ago
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Origin Multilingual - Budapest - posted 3 days ago
Company: Our client is a multinational IT company currently recruiting a Spanish Technical Support Agent in their Budapest headquarters. Role: -Res...
Origin Multilingual - Budapest - posted 3 days ago
The legendary IBM has opened its gate for several roles from interns to experts, where you can easily find your suitable place in this great compan...
IBM Hungary - Budapest - posted 5 days ago
As a Security Technical Test Team member, you will be performing various types of infrastructure or application level security assessments includin...
IBM Hungary - Budapest - posted 5 days ago
CIO Entitled Software (ESW) Value Chain and zSW Application Transformation needs to staff up with a new team of developers in Budapest, Hungary. We...
IBM Hungary - Budapest - posted 5 days ago
The Budapest Indirect Tax Center of Excellence, established in 2008, provides professional Indirect Tax compliance support for IBM companies in mor...
IBM Hungary - Budapest - posted 5 days ago
MS Dynamics AX Developer Location: Budapest Work Summary This is opportunity for talented and experienced Dynamics AX Designer and Developer to joi...
Frank Recruitment Group - Budapest - posted 6 days ago
Unisys is a global information technology company and our Service Desk Agents are the heart of our business. They are the people who keep our clien...
Unisys - Budapest - posted 6 days ago
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Nigel Frank International - Budapest - posted 7 days ago

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