Diplomacy & Trade 2019 August

Page 1

AUGUST 2019 HUF 1710

GATEWAY TO FREEDOM

EUR 6

HUNGARY’S DECISION 30 YEARS AGO TO OPEN ITS BORDERS TO HUNDREDS OF EAST GERMAN CITIZENS FLEEING TO THE WEST HELPED SHAPE EUROPE’S HISTORY.

SEE ARTICLE on page 24

India

country

FOCUS

While the inflow of Indian foreign direct investment to Hungary has picked up pace in recent years, the presence of Hungarian companies in the world’s 5th largest economy must be enhanced to realise its true potential, Ambassador Kumar Tuhin says in an interview. The Ambassador considers facilitating the access of Hungarian businesses to the Indian market and helping forge joint partnerships among the key goals of his posting in Budapest. see articles on pages 10-18

Celebrated Currency

The forint, introduced in 1946 to combat the worst hyperinflation the world had seen, turns 73 this month. The Hungarian currency has weathered global and domestic crises as the country’s economy embarked on a convergence path after the regime change in 1990. With Hungary’s EU commitment to join the euro one day, the forint’s days are numbered but its retirement day may be a long way off. see more on page 19

Book 1.indb 1

8/5/19 1:46 PM


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.