Globalization has arrived at Hungary



Anglo-Saxon cultural elements play a definitive role in the economic fields in Hungary - as well as in lots of other countries. Globalization has arrived at Hungary.
Everything started with the political changes in 1990 – this was the time, when the communist regime gave up its political role. The bank reform act changed the rules of the bank system in 1987 - but foreign banks have had the opportunity to „settle down” here only since 1994. Multinational companies like General Electric, Tesco, METRO have also settled down in Hungary - the most of them in the late 1990s (however, the possibility has been given since 1990).
The foreign banks and companies have brought not only money but their business cultures, too - and with these, they have modernized the Hungarian economic life. Nowadays, our homeland has one of the most globalized economic system. Moreover, this wonderful motherland has become one of the most globalized country in all other fields of life as well.
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