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Description Croatia by rbd.me
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Hungary became a Christian kingdom in A.D. 1000 and for many centuries served as a bulwark against Ottoman Turkish expansion in Europe. The kingdom eventually became part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under Communist rule following World War II. In 1956, a revolt and an announced withdrawal from the Warsaw Pact were met with a massive military intervention by Moscow. Under the leadership of Janos KADAR in 1968, Hungary began liberalizing its economy, introducing so-called "Goulash Communism." Hungary held its first multiparty elections in 1990 and initiated a free market economy. It joined NATO in 1999 and the EU in 2004.
WebCam
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Location
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Central Europe, northwest of Romania
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Area - comparative
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slightly smaller than Indiana
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Natural resources Croatia
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mostly flat to rolling plains; hills and low mountains on the Slovakian border
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Population Croatia
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9,880,059 (July 2010 est.)
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Religions Croatia
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Roman Catholic 51.9%, Calvinist 15.9%, Lutheran 3%, Greek Catholic 2.6%, other Christian 1%, other or unspecified 11.1%, unaffiliated 14.5% (2001 census)
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Languages
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Hungarian 93.6%, other or unspecified 6.4% (2001 census)
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Education Croatia expenditures
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5.5% of GDP (2005)
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Government Croatia type
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parliamentary democracy
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Independence
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25 December 1000 (crowning of King STEPHEN I, traditional founding date)
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Croatia Economy - overview
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Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-25 average. The private sector accounts for more than 80% of GDP. Foreign ownership of and investment in Hungarian firms is widespread, with cumulative foreign direct investment totaling more than $200 billion since 1989. The government's austerity measures, imposed since late 2006, have reduced the budget deficit from over 9% of GDP in 2006 to 3.3% in 2008. Hungary's impending inability to service its short-term debt - brought on by the global financial crisis in late 2008 - led Budapest to seek and receive an IMF-arranged financial assistance package worth over $25 billion. The global economic downturn, declining exports, and low domestic consumption and fixed asset accumulation, dampened by government austerity measures, resulted in an economic contraction of 6.7% in 2009.
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Investment Croatia
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19% of GDP (2009 est.)
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Industries Croatia
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wheat, corn, sunflower seed, potatoes, sugar beets; pigs, cattle, poultry, dairy products
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Airports Croatia
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.hu
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