The Irish Government has been a most consistent advocate of the enlargement of the European Union emphasizing the benefits both Ireland and the newly acceding countries were set to attain in an enlarged Union. Ireland has been proven right. Since Hungary’s accession to the European Union the volume of trade between Ireland and Hungary has increased substantially, while the number of Irish companies entering the Hungarian market or setting up joint ventures with Hungarian counterparts is steadily growing. More and more Irish private investors discover the Hungarian real estate market, and the frequency of direct flights between the two capitals has increased spectacularly with far reaching implications for business, tourism and human contacts alike.

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