Trade information Hungary Trade information Hungary 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. Hungary is famous for its excellent mathematics education which has trained numerous outstanding scientists. Famous Hungarian mathematicians include Paul Erdõs, famed for publishing in over forty languages and whose Erdõs numbers are still tracked. Hungary has been a member state of the European Union since May 1, 2004. Hungary developed closer ties with Western Europe as well as with other Central European countries. It became a member of the Visegrad Group in 1991, joined NATO in 1999, and became a member of the European Union on May 1, 2004. Hungarians are very proud of their inventions. These include the noiseless match, Rubik's cube, and the krypton electric bulb. A number of other important inventions, including holography, the ballpoint pen. 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.

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