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Thanks
to reforms intoduced during the 1990 and earlier, Hungary is now
considered to be a stable liberal democratic country with a functioning
market economy. The country achieved strong GDP growth and falling
inflation, particularly during 1997-2001. Until 2000 Hungary had
attracted one third of all the FDI coming in to Eastern and Central
Europe (including Russia), thanks to ambitious privatisation and
liberalisation policies. In recent years, the Tisa/Tisza river
basin has been on the forefront of international attention due
to a sequence of major flood events and environmental disasters
with the Baia Mare cyanide spill leading the headlines. The river
and its catchment are shared by five countries: Hungary, Romania,
Slovakia, Ukraine and FR Yugoslavia.
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