Varga named Euromoneyʼs CEE Finance Minister of the Year
kormany.hu
Hungaryʼs National Economy Minister Mihály Varga was named Finance Minister of the Year in the Central and Eastern European (CEE) region by financial periodical Euromoney at a ceremony on Saturday, according to reports.
Economy Minister Mihály Varga at the ceremony. (Photo: kormany.hu)
“I consider this award as one I deserve together with the Hungarian people, the country’s economic stakeholders and members of the Hungarian Government,” Varga said after receiving the award, according to the official website of the Hungarian government, kormany.hu. “It is the result of joint efforts that the Hungarian economy has, over the past five years, managed not only to overcome the crisis but also to enter a steady growth path (…) The Government of Hungary made the right decisions and these have resulted in economic data that are outstanding even from an international perspective.”
Euromoneyʼs online issue said the award is an acknowledgement of the Hungarian governmentʼs perfect timing of the forint conversion of foreign currency mortgages, particularly regarding the Swiss central bankʼs decision in January, when the Swiss franc exchange rate suddenly rose substantially, as well as of Hungaryʼs early repayment of its loan to the International Monetary Fund in 2013, Hungarian online daily MTI reported.
ADVERTISEMENT
ÁKK Cutting Premiums on PMÁP
Parl't Approves Amendments to Legislation on Judiciary
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.
