ate--President-designate Arpad GONCZ (since
2 May 1990);

Head of Government--Prime Minister Jozsef ANTALL
(since 23 May 1990)

Political parties and leaders: Democratic Forum, Jozsef Antall,
chairman; Free Democrats, Janos Kis, chairman; Independent Smallholders,
Istvan Prepeliczay, president; Hungarian Socialist Party (MSP), Rezso
Nyers, chairman; Young Democrats; Christian Democrats, Sandor Keresztes,
president; note--the Hungarian Socialist (Communist) Workers' Party
(MSZMP) renounced Communism and became the Hungarian Socialist Party
(MSP) in October 1989

Suffrage: universal at age 18

Elections:
National Assembly--last held on 25 March 1990 (first round, with
the second round held 8 April 1990);
results--percent of vote by party NA;
seats--(394 total) Democratic Forum 165, Free Democrats 92,
Independent Smallholders 43, Hungarian Socialist Party (MSP) 33,
Young Democrats 21, Christian Democrats 21, independent candidates
or jointly sponsored candidates 19; an additional 8 seats
will be given to representatives of minority nationalities

Communists: fewer than 100,000 (December 1989)

Member of: CCC, CEMA, FAO, GATT, IAEA, IBRD, IBEC, ICAC, ICAO,
ILO, ILZSG, IMF, IMO, IPU, ISO, ITC, ITU, UN, UNESCO, UPU, Warsaw Pact,
WFTU, WHO, WIPO, WMO

Diplomatic representation: Ambassador Dr. Peter VARKONYI;
Chancery at 3910 Shoemaker Street NW, Washington DC 20008; telephone
(202) 362-6730;
there is a Hungarian Consulate General in New York;
US--Ambassador-designate Charles THOMAS; Embassy at V. Szabadsag
Ter 12, Budapest (mailing address is APO New York 09213); telephone p36o
(1) 126-450

Flag: three equal horizontal bands of red (top), white, and green

- Economy
Overview: Hungary's postwar Communist government spurred the movement
from a predominantly agricultural to an industrialized economy. The share
of the labor force in agriculture dropped from over 50% in 1950 to under
20% in 1989. Agriculture nevertheless remains an important sector,
providing sizable export earnings and meeting domestic food needs.
Industry accounts for about 40% of GNP and 30% of employment. Nearly
three-fourths of foreign trade is with the USSR and Eastern Europe. Low
rates of growth reflect the inability of the Soviet-style economy to
modernize capital plant and motivate workers. GNP grew about 1% in 1988
and declined by 1% in 1989. Since 1985 external debt has
more than doubled, to nearly $20 billion. In recent years Hungary ha