Finance Minister Mihaly Varga – Photo: MTI

Finance Minister: Hungary recognised for good debt management

London-based GlobalCapital has awarded Hungary in two categories for its successful debt management, the finance minister said on Facebook on Tuesday.

Mihaly Varga said Hungary had been recognised, for the second successive year, as central and eastern Europe’s “most impressive” bond issuer, while Zoltan Kurali, head of the State Debt Management Centre, was acknowledged as the best expert in the field.

The minister pledged further efforts aimed at reducing Hungary’s state debt below 67 percent of GDP next year, “a full 10 percentage points below the European Union average”.

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