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Economy Ministry: confidence in Hungary unceasing

Confidence in Hungary is unceasing, the National Economy Ministry said on Friday, after S+P Global Ratings affirmed the country's investment-grade sovereign rating.

Hungary’s economy stands on stable foundations, as reflected by S+P’s report and stable outlook for the rating, the ministry said. Confidence in Hungary is strong, with all three big credit rating agencies putting the country in the investment-grade category, it added.

Hungary’s assessment on international financial markets is favourable, and strong investor and market confidence in the country is underpinned by successful bond auctions and a continuous inflow of FDI, the ministry said. Investors in Hungary include the biggest German car makers as well as Chinese EV maker BYD which is setting up its first manufacturing base in the European Union in Hungary, it added.

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