Travel to Hungary
According to clothesbliss.com, when traveling to Hungary from abroad, it is important to have the proper documents. Travelers will need a valid passport with at least six months of remaining validity, as well as a valid visa if required. Citizens from certain countries may not need a visa for stays of up to 90 days, but should check with their local Hungarian consulate for the most up-to-date information. If a visa is required, travelers should apply for one at least four weeks before their departure date. When applying for a visa, travelers will need proof of sufficient funds and evidence of travel arrangements such as hotel reservations and plane tickets. Furthermore, those who are planning on staying in Hungary longer than 90 days must obtain an extended stay permit from the local police station within 15 days of arriving in the country.
Currency in Hungary
The official currency of Hungary is the Hungarian Forint (HUF). The currency has been in use since August 1, 1946 when it replaced the pengő at a rate of 400 forints to 1 pengő. The forint is divided into 100 fillér and there are coins from 5 fillér up to 500 forints. Banknotes come in denominations of 500, 1000, 2000, 5000, 10,000 and 20,000 forints.
The Hungarian Forint is ranked as one of the most stable currencies in Eastern Europe and is considered a safe haven currency. Since 2013 the exchange rate of the HUF to USD has remained relatively stable and there have been no major fluctuations. As of April 2021 one US dollar equals 293.29 Hungarian Forints.
The Hungarian National Bank (MNB) is responsible for issuing and managing the currency in Hungary along with setting monetary policy including interest rates and inflation targets. The MNB also regulates banks and other financial institutions in order to ensure financial stability in the country. In addition to setting monetary policy, the MNB also plays an active role in promoting economic growth by providing low interest loans to businesses as well as offering foreign exchange services such as hedging against currency risk.
Telecommunications in Hungary
Telecommunication in Hungary has evolved greatly over the past few decades. The country has seen a rapid increase in the number of mobile phone users, with approximately 97% of the population owning one. This is largely due to a competitive mobile market and the availability of affordable plans. The number of fixed-line telephone subscribers has also grown significantly, with more than 3 million lines in operation by 2020. In addition, high-speed internet access is widely available throughout the country, with over 98% of households having access to broadband services. There are numerous providers offering various packages for both home and business users. As such, Hungary has become an attractive destination for foreign investors who wish to take advantage of its advanced telecommunication infrastructure and services.
Embassies of Hungary
According to Clothingexpress, the Embassy of Hungary is located in Washington, D.C., and there are a total of 33 embassies and consulates of Hungary located around the world. The majority of these embassies are in European countries, such as France, Germany, Italy, and the United Kingdom. In North America, there is an embassy in Ottawa and a consulate in Montreal as well as another consulate in New York City. In Latin America, there are embassies in Argentina, Brazil and Mexico. There are also embassies located in China, Japan and South Korea. All of the Hungarian Embassies provide assistance to Hungarian citizens travelling abroad or living abroad as well as providing assistance to foreign citizens wishing to visit Hungary.
At the embassies abroad they offer various services such as visa applications for those wishing to enter Hungary for work or travel purposes. They can also provide advice on job opportunities within Hungary or on how to start a business there. The embassy staff can also provide advice on cultural and social events taking place within their respective countries that may be of interest to Hungarians visiting or living abroad. Furthermore, they offer assistance with legal matters related to Hungarian citizenship or foreign residence permits for those who wish to reside permanently in Hungary. For those with family members living overseas they can provide assistance with obtaining documents necessary for family reunification purposes.
