Hungary is a landlocked country; it has a strategic location astride main land routes between Western Europe and Balkan Peninsula as well as between Ukraine and Mediterranean basin; the north-south flowing Duna (Danube) and Tisza Rivers divide the country into three large regions.
Location: Central Europe. Geographic coordinates: 47 00 N, 20 00 E
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-28 average. In 2010 the government implemented a number of changes including cutting business and personal income taxes, but imposed ’crisis taxes’ on financial institutions, energy and telecom companies, and retailers.