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Hungary: Western Europe
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Since 1990 in Hungary, there has been a significant increase in the number of foreign prostitutes from Romania, Ukraine and Russia. ("Trafficking and Prostitution: The Growing Exploitation of Migrant Women from Central and Eastern Europe," IOM, May 1995)
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BUDAPEST, Hungary, Aug 08, 2005 /PRNewswire-FirstCall via COMTEX/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities and services, today announced that the ProLogis European Properties Fund has acquired the 1.1 million-square-foot (101,987 m2) Harbor Park in Budapest. The acquisition doubles the size of ProLogis' portfolio of properties owned and under development in Hungary to 2.1 million square feet (197,790 m2) by adding nine distribution facilities, all of which were developed in the last four years.
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Foreign investment was the key to Hungary's success. With more than $60 billion in FDI since 1989, Hungary has been a leading destination for FDI in central and eastern Europe--including the former Soviet Union. Of this, a little less than one-third has come from U.S. companies. The largest U.S. investors include GE, Alcoa, General Motors, Coca-Cola, Ford, IBM, and Pepsico. Foreign companies modernized Hungary's industrial sector and created thousands of new, high-skilled, high-paying jobs. As a result of extensive and continuing liberalization, the private sector produces about 80% of Hungary’s output.
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XChange Eastern Europe will take place February 5-7 at the Hotel Intercontinental in Budapest, Hungary. The three day event brings together qualified and profiled decision making Solution Providers, resellers and integrators from across Central and Eastern Europe along with top industry vendors in diverse technology areas to build business relationships. XChange Eastern Europe will bring together vendors, distributors and resellers from Central and Eastern Europe including Bulgaria, Croatia, the Czech Republic, Hungary, Lithuania, Poland, Romania, Russia, Serbia/Montenegro, Slovakia, Turkey and Ukraine.
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The Hungarians established Hungary in 896, after they had arrived there from their previous, Eastern European territories. Prince Árpád was their leader at the time; he ... established the first royal house of the country, the Árpád-house. In 1000, after the first king, Saint Stephen had been crowned, the country became a Kingdom.
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Hungary in 1956 seemed to sum up all that the Cold War stood for. The people of Hungary and the rest of Eastern Europe were ruled over with a rod of iron by Communist Russia and anybody who challenged the rule of Stalin and Russia paid the price. The death of Stalin in 1953 did not weaken the grip Moscow had on the people of Eastern Europe and Hungary, by challenging the rule of Moscow, paid such a price in 1956.
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