Hungary
25th Anniversary of the Establishment of the COMECON(Council of Mutual Economic Aid)
1974 Proof Silver 100 Forint 37mm (22.16 grams) 0.640 Silver (0.4527 oz. ASW)
Reference: KM# 602 | Engraver: Viktória Csúcs
MAGYAR NÉPKÖZTÁRSASÁG 100 FORINT 1974 CSV, Coat-of-Arms with writing.
KGST 1949 1974, Coins of all the 9 COMECON countries. Commemorating the 25th anniversary of the Council of Mutual Economic Aid (COMECON) - KGST in Hungarian.
Edge Lettering:
11x Fish and Stars You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.  The Council for Mutual Economic Assistance (Russian: Сове́т Экономи́ческой Взаимопо́мощи, tr. Sovét Ekonomícheskoy Vzaimopómoshchi, СЭВ; English abbreviation COMECON, CMEA, CEMA, or CAME) was an economic organization from 1949 to 1991 under the leadership of the Soviet Union that comprised the countries of the Eastern Bloc along with a number of socialist states elsewhere in the world.
The descriptive term was often applied to all multilateral activities involving members of the organization, rather than being restricted to the direct functions of Comecon and its organs. This usage was sometimes extended as well to bilateral relations among members because in the system of communist international economic relations, multilateral accords– typically of a general nature– tended to be implemented through a set of more detailed, bilateral agreements. Comecon was the Eastern Blocs response to the formation in Western Europe of the Marshall Plan and the OEEC, which later became the OECD.   Hungary is a sovereign state in Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Romania to the east, Serbia to the south, Croatia to the southwest, Slovenia to the west, Austria to the northwest, and Ukraine to the northeast. The countrys capital and largest city is Budapest. Hungary is a member of the European Union, NATO, the OECD, the Visegrád Group, and the Schengen Area. The official language is Hungarian, which is the most widely spoken non-Indo-European language in Europe.
 Following centuries of successive habitation by Celts, Romans, Huns, Slavs, Gepids, and Avars, the foundation of Hungary was laid in the late 9th century by the Hungarian grand prince Árpád in the Honfoglalás ("homeland-conquest"). His great-grandson Stephen I ascended to the throne in 1000 CE, converting the country to a Christian kingdom. By the 12th century, Hungary became a middle power within the Western world, reaching a golden age by the 15th century. Following the Battle of Mohács in 1526 and about 150 years of partial Ottoman occupation (1541-1699), Hungary came under Habsburg rule, and later formed a significant part of the Austro-Hungarian Empire (1867-1918).
Hungarys current borders were first established by the Treaty of Trianon (1920) after World War I, when the country lost 71% of its territory, 58% of its population, and 32% of ethnic Hungarians. Following the interwar period, Hungary joined the Axis Powers in World War II, suffering significant damage and casualties. Hungary came under the influence of the Soviet Union, which contributed to the establishment of a four-decade-long communist dictatorship (1947-1989). The country gained widespread international attention regarding the Revolution of 1956 and the seminal opening of its previously-restricted border with Austria in 1989, which accelerated the collapse of the Eastern Bloc. On 23 October 1989, Hungary again became a democratic parliamentary republic, and today has a high-income economy with a very high Human Development Index. Hungary is a popular tourist destination attracting 10.675million tourists a year (2013). It is home to the largest thermal water cave system and the second-largest thermal lake in the world (Lake Hévíz), the largest lake in Central Europe (Lake Balaton), and the largest natural grasslands in Europe (the Hortobágy National Park). |
