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Great importance of ties with Canada. Allies in NATO; economic partners based on trade relations and investment. Hungary 50 years after the Hungarian Revolution of 1956. Hungary as beholden to Canada for admitting 40,000 refugees who escaped from the communist dictatorship in 1956. The peaceful transition in 1989. Transition and democratization in the 1990s. Some facts and figures about Hungary then and now. Economic and trade ties between Hungary and Canada. Capital investments in Hungary from Canadian investors. Possibilities to increase these investments and expand them into other areas. Some suggestions for doing so. The one issue casting a shadow over our otherwise excellent relations. Future political, diplomatic and economic cooperation.