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Relocate to Hungary

Key Facts

Official name: Hungary

Capital: Budapest

Continent: Europe

Population: 9.7 million

Official Language: Hungarian

Religion Followed: Christianity

Currency: Hungarian forint

Time Zone: GMT + 2 hours

Country Tel Code: +36

Living in Hungary

Budapest, which is the capital of Hungary, often has new trends in food, sports and other things which are influenced by the West.

Hungary is also quite reasonable when it comes to buying property as compared to Western Europe.

But, this only pertains to property.

When it comes to electronics, cars, clothing etc. (things that are imported) the price is the same as it would be in the West.

It is said that it is difficult to sense the humor of the Hungarian people.

It’s said hat you must first know the language in order to understand their jokes as there’s a lot of wordplay and double entendres involved.

All in all, Hungary is a high context culture and you have to live here long enough to understand the context in which they speak.

Hence it would be a good idea to make some friends there.

Politics in Hungary

In Hungary, the Prime Minister is the head of the government and the presidential seat is merely ceremonial.

The system is a pluriform multi-party system which runs under the framework of a parliamentary representative democratic republic.

The Executive power lies with the government alone.

While the Legislative power lies with the government and the parliament.

The Judiciary is independent of the Executive and Legislature.

The political parties that dominate the system are MSZP, Fidesz, and Jobbik.

Hungary has been a member of the European Union since 2004. It is an independent, democratic and constitutional state.

Hungary has been rated as a flawed democracy by the Economist intelligence unit.

Economy in Hungary

According to the Economic Complexity index, Hungary has the 14th most complex economy in the world.

Out of the 188 countries measured by the IMF, Hungary is the 57th largest economy in the world with the 13th lowest income inequality in the world.

Thus the country is the 35th largest export economy in the world with more than $100 billion of exports in 2015.

The main component that mainly contributes to the GDP is Household consumption accounting for 50% of the total GDP.

Measuring the purchase power parity, Hungary ranks 49th in the world in terms of GDP per capita.

Hungary is and continues to be one of the leading nations in Central Europe to attract foreign direct investment.

Budapest accounts for 39% of the national income, thus being the financial and business capital of Hungary.

The Hungarian bank is currently focusing on price stability with a 3% inflation target.

Buying or Renting Property in Hungary

Buying a home in Hungary is slightly complicated if you’re not a citizen there.

The purchase of any land (except arable) land requires you to get a permit from the district council of the local municipality.

If you wish to buy a property in Budapest you need to get an approval from the Administrative Office (AOB).

According to the regulations, most expatriates should receive a permit in 2 to 3 months.

There are rumours going around the internet that apartments near the city centre are much cheaper. Well, they’re not.

If you do buy a home in Hungary you’ll have and need an address card which will be registered to your address and will allow you to reap the benefits that legal citizen do.

Visa and Immigration in Hungary

Writer Relocations provides visa and immigration services for Hungary and many other countries across the globe. You can get in touch with our executives for further assistance.

Schools in Hungary

Schools in Hungary are mostly public and are run by the Ministry of Human Resources.

Pre-school is considered compulsory and is for children who’re 3 to 6 years old.

School begins after pre-school and lasts till the child turns 16 (attendance is compulsory).

Secondary education has 3 different types of schools which cater to different academic levels.

The Gymnasium, the secondary vocational schools and technical schools.

Children who’re 13 to 14 years old are rated among the best in Mathematics and science by the Trends in International Mathematics and Science Study.

The institutions in Hungary are generally public and the pupils usually study without paying any fees.

Weather in Hungary

The Capital of Hungary is cool in winters and warm and sunny in summers.

While winters on the other hand are short and cold.

The temperatures in summers averages around 25 degrees Celsius.

If you like sunshine, you’re going to love Budapest due to its long sunshine hours.

The best time to visit Hungary would be in the months of May, June, July, August, and September as the weather is quite pleasant during this time of the year.

If you like rainfall, you can visit in June as this is the wettest month.

On the contrary, October is the driest month.

Contact Us If You’re Moving In And Out Of Hungary

We specialise in International Moves and have over 3000 corporate clients worldwide.

Writer Relocations has partnerships with moving companies across Hungary to handle your move with flair. Call us @ 022-334-91787 or request a quote.

You may also want to check out the Case Studies on International Relocation, along with the FAQs, and Moving Tools & Tips that we have put together for the best moving and packing experience.

Do read our Blog for tips and articles on how to make your moving experience smoother.

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