woensdag 14 maart 2012

The economy of Hungary - week 4- Roselinde Vandepitte

Hi bloggers,

Melisa told you about our visit in Budapest. After a few days in Budapest, we travelled around to explore Hungary more. The guide said that this country has over more than 31.058 km of roads and more than 1118km of motorways. He told us also that Hungary is now recovering with decreasing his tax rates and has now been reorganized under European principles.  

We took the bus to one of the industrial areas in Hungary. There we visited different fabrics and learnt a lot about the industry of the country. Because I had no idea what the economy of Hungary was about, I took Julie's travel guide and looked up some information. In the guide, I read that the main sectors of the Hungarian industry are heavy industry (such as mining, metallurgy, machine and steel production) but also energy production, mechanical engineering, chemicals, food industry and automobile production.

One of the fabrics we visited was the factory of final inspection of assembled Audi TT’s. This was very impressive and apparently, Audi has its biggest factory in this country. That’s why Hungary is the favorite destination for foreign investors of automotive industry. 17% of the total export comes from the export of Audi, Opel and Suzuki and the automobile sector employs more than 90.000 people! We had to pay to visit this factory and again, it’s not easy to count in Forint as we calculate in Euro’s.

Concerning the cultivation, 83% of the country's total territory is suitable for it. The Hungarian lacks are a source of energy and raw materials they need for further industrial development. One of the largest underground reserves is located in this country.

One of the other activities we did was visiting the agriculture area. I was surprised that they cultivate a lot of different crops, such as sugar beet, canola, potatoes, and a lot of fruits! The farmer was very friendly and we could taste fruits from his apple-, pear- and peach trees.  

It was an awesome but a very exhausting day!

*Bye bye*

Roselinde





Geen opmerkingen:

Een reactie posten