British investors welcome gov’t measures to stabilize economy

History

British investors welcome the Hungarian government's steps to stabilize the country's economy, Lord Mayor of the City of London David Brewer said during an official visit to Budapest on Wednesday. Brewer said the government's recently announced austerity measures were drastic, but necessary in order to put the country's budget in order and meet the Maastricht criteria for adopting the euro. British investors see plenty of opportunity in Hungary's private and public sectors, Brewer said. He added that Hungary's local councils could learn from UK experience, especially from the experience of cities in the UK regarding public-private partnerships (PPP) to make infrastructural investments. Brewer also praised the government's introduction of individual retirement accounts. Brewer met with Finance Minister János Veres, Minister of Economics and Transportation János Kóka and National Bank of Hungary Vice President György Szapáry during his visit. (Bloomberg)

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Culture