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UkraineHungary / Somogy / Harbor
About Hungary
Hungary (Hungarian: Magyarország; IPA: [mɒɟɒrorsaːɡ]; listen ), officially in English the Republic of Hungary (Magyar Köztársaság listen , literally Magyar (Hungarian) Republic), is a landlocked country in the Carpathian Basin of Central Europe, bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. Its capital is Budapest. Hungary has been a member state of the European Union since May 1, 2004.
Hungary continues to demonstrate economic growth as one of the newest member countries of the European Union (since 2004). The private sector accounts for over 80% of GDP. Hungary gets nearly one third of all foreign direct investment flowing in to Central Europe. Foreign ownership of and investment in Hungarian firms are widespread, with cumulative foreign direct investment totalling more than US$23 billion since 1989. The Hungarian sovereign debt's credit rating is BBB+ as of July 2006, making Hungary the only other country in the EU apart from Poland not to enjoy an A grade score. Inflation and unemployment have been on the rise in the past few years, and they are expected to rise further. Foreign investors' trust in the Hungarian economy has declined, as they deem that the stringency measures planned in the second half of 2006 are not satisfactory, their focus being mainly on increasing the income side rather than curbing government spendings. Economic reform measures such as health care reform, tax reform, and local government financing are being addressed by the present government.
The Hungarian government has expressed a desire to adopt the euro currency between 2010 and 2014. However, foreign analysts widely criticised that date (2010) as highly unrealistic given the current shape of the economy in relation to the Maastricht criteria; their assessments suggest that a date of 2013-2014 for Euro adoption is more realistic.
About Somogy
Somogy is the name of an administrative county (comitatus or megye) in present Hungary, and also in the former Kingdom of Hungary.
Somogy county lies in south-western Hungary, on the border with Croatia. It stretches between the river Drave and the southern shore of Lake Balaton. It shares borders with the Hungarian counties Zala, Veszprém, Fejér, Tolna and Baranya. It is the most sparsely populated county in Hungary. The capital of Somogy county is Kaposvár. Its area is 6036 km².
Somogy was also the name of a historic administrative county (comitatus) of the Kingdom of Hungary. Its territory, which was slightly larger than that of present Somogy county, is presently in south-western Hungary. The capital of the county was Kaposvár.