ADVERTISEMENT

Varga: Investor Interest in Economy 'Remains Strong'

Government

Image by Alexandros Michailidis / Shutterstock.com

Investor interest in the Hungarian economy "remains strong," Minister of Finance Mihály Varga said in a post on Facebook.

"As is evident from the latest assessments by credit rating agencies, investors favorably assess the stable foundations of the Hungarian economy," Varga said.

"We cut the budget deficit in spite of the war, sanctions and the election year. We reduced state debt more than expected, too," he added.

He noted that Hungary's economy grew faster than the European Union average, even without Recovery and Resilience Facility (RRF) funding. "We'll avoid a recession this year, too," he added.

In a Facebook post on Thursday, Varga said he addressed 162 investors at a video conference organized by Citibank.

He was joined at the video conference by Government Debt Management Agency (ÁKK) CEO Zoltán Kurali and National Bank of Hungary (MNB) deputy governor Barnabás Virág.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

Hungary Treats Smooth EU Transition as Priority, Says Bóka EU

Hungary Treats Smooth EU Transition as Priority, Says Bóka

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

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.