Economy of Hungary city competitiveness ranking by EIU, Budapest is ranked above Tel Aviv, Lisbon, Moscow and Johannesburg, among others. Hungary maintains its own currency, the Hungarian forint (HUF), although the economy fulfills the Maastricht criteria with the exception of public debt, but the ratio of public debt to GDP is significantly below the EU average at 75.3% in 2015. The Hungarian National Bank—founded in 1924, after the dissolution of Austro-Hungarian Empire—is currently focusing on price stability with an inflation target of 3%. In the age of feudalism the key economic factor was land. The new economic and social orders created private ownership
Kingdom of Hungary the Soviet occupation in 1946. The Kingdom of Hungary was a multiethnic state from its inception until the Treaty of Trianon and it covered what is today Hungary, Poland, Slovakia, Transylvania and other parts of what is now Romania, Carpathian Ruthenia (now part of Ukraine), Vojvodina (now part of Serbia), Burgenland (now part of Austria), and other smaller territories surrounding present-day Hungary's borders. From 1102 it also included Croatia, being in personal union with it, united under the King of Hungary. Today, the feast day of the first king Stephen I (20 August) is a national holiday in Hungary, commemorating