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Varga named Euromoneyʼs CEE Finance Minister of the Year

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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.

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