Varga: Fed to affect Hungary only slightly
Although the interest rate increase of the U.S. Federal Reserve (Fed) is expected to affect Hungary, the country wonʼt feel the same level of negative impact as other countries, Hungary’s National Economy Minister Mihály Varga said today, Hungarian news agency MTI reported.
Heavily indebted countries exposed to volatile commodity prices, such as China or Brazil, could be put into more difficult situations, however, Hungary is not among these countries, MTI reported, citing Varga.
Varga noted that the Hungarian government has “significantly” lowered its debt and deficit financing has “become completely secure”, MTI added.
Varga said the Fed is expected to continue raising rates in the coming years, urging competition as investors look for safe places to invest.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
