Finance Minister Mihaly Varga – Photo: MTI

Finance minister: Investors’ interest in Hungary strong

Investors from all around the world maintain a strong interest in the Hungarian economy, Finance Minister Mihaly Varga said on Friday.

“As is evident from the latest assessments by credit rating agencies, investors favourably assess the stable foundations of the Hungarian economy,” Varga said on Facebook.

“We cut the budget deficit in spite of the war, sanctions and the election year. We reduced state debt more than expected, too,” he added.

He noted that Hungary’s economy grew faster than the European Union average even without Recovery and Resilience Facility (RRF) funding. “We’ll avoid a recession this year, too,” he added.

Leave a Reply