Finance Minister Mihaly Varga – Photo: MTI

Finance minister: Hungary’s finances stable

Hungary is prepared to face challenges of the global economy, and despite developments in Ukraine, "Hungary's financial stability is strong", Finance Minister Mihaly Varga said on Facebook on Thursday.

Varga said the government’s economic cabinet had met to discuss the situation in Ukraine.

The government has “increased financial reserves, improved balance indicators and strengthened the confidence of investors and rating agencies”, the minister said.

“Hungary’s finances are on secure foundations,” he added.

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