Economy of Hungary account transactions, and subsequent to OECD membership in 1996, for almost all capital account transactions as well. Since 1995, Hungary has pegged the forint against a basket of currencies (in which the U.S. dollar is 30%), and the central rate against the basket is devalued at a preannounced rate, originally set at 0.8% per month, the Forint is now an entirely free-floating currency. The government privatization program ended on schedule in 1998: 80% of GDP is now produced by the private sector, and foreign owners control 70% of financial institutions, 66% of industry, 90% of telecommunications, and 50% of the
Counties of Hungary (before 1920) Counties of Hungary (before 1920) A county (Hungarian: vármegye or megye; for the various names, their origin and use see here) is the name of a type of administrative unit in the Kingdom of Hungary and in Hungary from the 10th century until the present day. This article deals with only the period before the Treaty of Trianon of 1920. For lists of the individual counties, see Administrative divisions of the Kingdom of Hungary. For counties of Hungary since 1950, see Counties of Hungary. The Latin word "comitatus" is derived from the word "comes", which originally stood for companion or