The ministry said that amid a wave of downgrades in Europe and the region, all three big credit rating agencies still put Hungary in the investment-grade category.
Confidence in Hungary remains strong, evidenced by bond issues as well as by the assessments of credit rating agencies, the ministry said, noting oversubscription of bond offerings on international markets in euros, dollars and renminbi, it said.
Hungary is a dependable partner and a meeting point for investors from East and West, it added.
The ministry highlighted strong FDI inflows, from the West and the East, including big investments on the cusp of contributing to GDP by companies such as CATL, BYD, Semcorp and EcoPro. It also underscored Hungary’s high employment, record-low number of jobseekers and growing consumption boosted by real wage growth.
The ministry pointed to stimulus measures, including the Demján Sándor Program for scaling up local SMES, a scheme to build new factories and tax cuts that will save SMEs HUF 80 bln-90 bln.
It also noted steps to support families, pensioners, and youth, such as higher tax allowances for families raising children, a 14th-month pension supplement, and a subsidized credit scheme for first-time home buyers.
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