Hungary is a landlocked country in the Carpathian Basin of Central Europe, bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. Hungary : Budapest Capital and largest city. The official language is Hungarian (also known as Magyar), which forms part of the Finno-Ugric family. It is one of the four official languages of the European Union that is not of Indo-European origin.Hungary was one of the 15 most popular tourist destinations in the world in the past decade, with a capital regarded as one of the most beautiful in the world. Despite its relatively small size, the country is home to numerous World Heritage Sites, UNESCO Biosphere reserves, the second largest thermal lake in the world (Lake Hévíz), the largest lake in Central Europe (Lake Balaton), and the largest natural grassland in Europe (Hortobágy).
Hungary continues to demonstrate economic growth as one of the newest member countries of the European Union. The private sector accounts for over 80% of GDP. Hungary gets nearly one third of all foreign direct investment flowing into Central Europe, with cumulative foreign direct investment totalling more than US$23 billion since 1989. It enjoys strong trade, fiscal, monetary, investment, business, and labor freedoms. The top income tax rate is fairly high, but corporate taxes are low. Inflation is low, it was on the rise in the past few years, but it is now starting to regulate.