Considering moving to Hungary? This is what you need to know

Making the big move to another city is usually a well-thought-out decision. Moving to another country requires even more consideration. In this article, we collected some very important information that you might want to know out of curiosity or because you plan to extend your stay in Hungary.

General information

In Hungary, the currency is the forint, not the euro. The country has a high-income economy and a very high human development index. Hungary also has a skilled labour force, and it ranked 16th in terms of lowest income inequality worldwide.

The major industries are food processing, IT, pharmaceuticals, production of motor vehicles, chemicals, electrical goods, and tourism. The corporate tax rate is 9%, which is low in Europe. The country’s main export partners are Germany, Romania, and Italy. The main import partners are Germany, Austria, and China.

According to the 2019 UN Report, Hungary ranks 73rd among countries with the largest foreign-born population. These nationalities include Ukrainian, Chinese, and German people.

Upsides

Needless to say, the wonderful locations, rich culture, tasty foods, and breathtaking monuments can attract many people. Another factor might be cheap real estate, about which you can read HERE. The Balaton region has become more popular for new residents. You can read more about it HERE. National parks, UNESCO world heritage sites,  the climate, and even Budapest’s closeness to other capitals might be attractive.

Hungary borders 7 other countries: Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. The transportation infrastructure between Hungary and its neighbours is also great.

Restaurants, bars, cafés, cultural events, museums, but even the nightlife and music festivals bring many people to Hungary. Sziget Festival is a well-known name for many foreigners as well. Also, many people enjoy their can of beer, amazing wine or drink from the infamous pálinka.

Downsides

Hungarian is a very difficult language to learn. However, there are many people who could learn the language and can speak it very well. If someone puts in the effort, they can learn Hungarian. Native Hungarians are generally friendly, and they are very happy to hear that someone is learning the language. Also, if you can already say Szia, use this to make an even better first impression. And another thing to consider is that if someone speaks any foreign languages, they should be proud of it. It is an achievement. Apart from the hardships of learning Hungarian, knowing another language in general is a plus.