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Located in the heart of Europe, with a population of about 10.5 million people, Hungary is sometimes referred to as a jewel on the East European crown—at least, as far as international business is concerned (Dent, 1992). Although Hungary is a relatively small country, about the same size as the state of Indiana in America, it is generating a lot of interest among foreign investors because of its attractive business environment, especially when compared to the other newly emerged democracies of Eastern Europe.
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1993
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