szeptember 15, 2005
One of the most important positive aspects of Hungary’s transformation and switch to a market economy has been a significant decrease in its hunger for energy. Although Hungary’s GDP is roughly 30% higher in 2005 than it was at the start of transition, its total energy consumption is still just 87% of its level at that time. Energy consumption per unit of GDP is now nearly 50% of its level before transition. Both a clear change in economic structure and dramatic increases in energy prices have played a role in these developments.