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Foreign watchdogs praise Hungary

Three foreign institutions have given Hungary positive reviews recently. Hungary improved one place at Euromoney's country risk list now being 37th of 185 countries. Investments are the least risky in Luxembourg, Switzerland and Norway. A leading specialist of Standard & Poor's said at a conference that Hungary was the richest country of Central Europe per capita and the Hungarian GDP may reach USD 14,000 by 2008. Standard & Poor's currently rates Hungarian bonds at A- with a positive view, but believes that the Euro can not be introduced in Hungary before 2010. The California Public Employees' Retirement System published a list of countries where investment is recommended and Hungary tops the list followed by the Czech Republic and Poland. (Wed. Vg 5) M.K.