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Balaton Lake Region, Hungary | Where should I setup a bank account in Balaton Lake Region? | Expat Exchange
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Where should I setup a bank account in Balaton Lake Region?

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We asked expats in Balaton Lake Region what banks they use and there advice about banking. They advised...

"Expats considering retirement in the Balaton Lake Region of Hungary should be aware of several key factors. Firstly, the cost of living in Hungary is generally lower than in many Western countries, which can make it an attractive option for retirees. However, it's important to have a clear understanding of the local economy and cost of living before making a decision. The official language in Hungary is Hungarian, which is considered one of the most difficult languages to learn. While English is spoken in many tourist areas and by younger generations, it may not be as widely spoken in rural areas or by older generations. Healthcare in Hungary is of a high standard, with a universal healthcare system that is funded by taxpayers. However, expats may want to consider private health insurance for more comprehensive coverage. The Balaton Lake Region is known for its natural beauty, with plenty of opportunities for outdoor activities such as swimming, fishing, and hiking. The climate is continental, with warm summers and cold winters. Hungary is part of the Schengen Area, which means that citizens of EU countries can live and work there without a visa. However, non-EU citizens will need to apply for a residence permit. Hungary has a high standard of education, and there are international schools available. However, these are mostly located in Budapest, which is about a two-hour drive from the Balaton Lake Region. Hungarian cuisine is rich and hearty, with dishes like goulash and chicken paprikash being popular. The Balaton Lake Region is also known for its wine, particularly the white wines produced in the area. The country is generally safe, but like anywhere, it's important to take precautions and be aware of your surroundings. Hungary has a low crime rate, but petty crime like pickpocketing can occur, particularly in tourist areas. Finally, it's important to understand the local customs and traditions. Hungarians are known for their hospitality, but they also value their privacy and personal space. It's also customary to greet people with a handshake, and to bring a small gift when invited to someone's home," mentioned another expat when asked about moving to Balaton Lake Region, Hungary.

Other Questions:

Where should I setup a bank account in Balaton Lake Region?

If you live in Balaton Lake Region, newcomers to Balaton Lake Region would love to hear your answer to this question.


SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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