Hungary – Wikipedia, the free encyclopediaSince 1989, Hungary has been a democratic parliamentary republic, and it is considered a developed country. Hungary is a popular tourist destination attracting 10.2 million tourists a year (2011). The country 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 ( Hortobágy).