Budapest, Hungary: American International School of Budapest: 2020-2021 Fact Sheet
![Hungary [Shutterstock]](https://www.state.gov/wp-content/uploads/2018/11/Hungary-2109x1406.jpg)
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November 4, 2019
U.S. Relations With Hungary
Highlights
U.S. Relationship
U.S.-Hungary Relations
Hungary is a member of the North Atlantic Treaty Organization (NATO), the Organization for Security and Co-operation in Europe (OSCE), and the European Union (EU). Hungary works with the United States to achieve shared international objectives, particularly in the security, law enforcement, economic, and energy areas. The United States engages with Hungary to reduce the threats posed by terrorism and nuclear proliferation and to strengthen shared transatlantic values such as promoting human rights and the rule of law. Our two countries are bound together through myriad people-to-people contacts in business, the arts, academia, and other spheres. Hungary is an ally in coalition operations, including NATO missions in Afghanistan and the Balkans.
U.S. Assistance to Hungary
The United States phased out assistance to promote the development of democratic institutions and a market economy in Hungary after it joined the EU in 2004. Today, the United States provides security assistance to Hungary through Foreign Military Financing (FMF), International Military Education & Training (IMET), and other capacity-building funds. This security assistance contributes to regional stability, helps support Hungary in coalition operations, and promotes the continued development of a flexible, sustainable, and interoperable Hungarian military capable of meeting its NATO commitments.
Bilateral Economic Relations
The United States is among the top foreign investors in Hungary. Hungary’s strategic location in Europe, access to EU markets, highly skilled and educated workforce, and sound infrastructure have led U.S. companies to locate facilities there, both in manufacturing and services. U.S. investment has had a direct, positive impact on the Hungarian economy.
![Hungary Flag: three equal horizontal bands of red (top), white, and green; the flag dates to the national movement of the 18th and 19th centuries, and fuses the medieval colors of the Hungarian coat of arms with the revolutionary tricolor form of the French flag; folklore attributes virtues to the colors: red for strength, white for faithfulness, and green for hope; alternatively, the red is seen as being for the blood spilled in defense of the land, white for freedom, and green for the pasturelands that make up so much of the country. [CIA World Fact Book]](https://www.state.gov/wp-content/uploads/2018/07/hu-lgflag.gif){kind=small}