Hungary

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Europe;
- Neighbours: Serbia, Croatia, Slovenia, Austria, Slovakia, Ukraine, Romania.

Climate:
- temperate climate;
- cold, cloudy, humid winters;
- warm summers.


Macro indicators (* 2018 estimates)
Surface:93,030km2
Population*:-million
GDP*:-EUR billion
GDP/capita*:-EUR

European Union:
EU member, since 2004


Currency: Forint
Code: HUF
Since: 1946

Exchange rates at December 31st:

1 EUR = 321.51 HUF (2018)
1 EUR = 310.14 HUF (2017)
1 EUR = 311.02 HUF (2016)
1 EUR = 313.12 HUF (2015)
1 EUR = 314.89 HUF (2014)
1 EUR = 296.91 HUF (2013)
1 EUR = 291.29 HUF (2012)
1 EUR = 311.13 HUF (2011)
1 EUR = 278.75 HUF (2010)


Sources:
Starting October 1, 2013, the National Bank of Hungary took over all activities of financial market regulator PSZAF






 


Statistics

Hungary FY2018 Market Portfolio

Hungary timeline 2008 - 2017

See all statistics

Latest news

GENERALI to take over ERGO units in Hungary and Slovakia

Italian insurer GENERALI announced signing an agreement to take over the entire life, non-life and composite insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. The sale is subject to certain regulatory and anti-trust approvals, as is customary for transactions of this kind. The parties have agreed not to provide details of the purchase price and other terms.

HUNGARY: New regulations for unit-linked policies

New amendments from the Hungarian Ministry of Finance on unit-linked life insurance will come into force on July 1, 2019. The adjustment of the Insurance Activities Act creates new obligations for insurers.






Aegon: Hungarian homeowners fear most fire and burglary damages

Although pipe bursts and storms are the risks causing each about one third of the housing insurance claims in Hungary, it seems people fear most fire damage and burglary, the latest edition of the Aegonʼs Great Home Test (Nagy Lakasteszt) shows.









Hungary: less than 20% of Hungarians have an accident insurance policy

Only 10-20% have an accident insurance, while in many countries of the Western Europe accident insurance coverage among their population is of more than 80%, The Budapest Business Journal reports. The low penetration leaves about 8 million Hungarians uninsured for the accident risk.