Election results are now official, so what happens next?
More information regarding the expected setup of the new government can be expected by the beginning of MayRead more
Lately, Central Europe has become the driving force behind the European Union’s economic development. In the third quarter of this year, the EU’s economy expanded by 2.5 percent while Hungary’s GDP grew by 3.6 percent, and the V4 as a whole have been out-performing much of the rest of the EU.
Mihály Varga, minister for National Economy, said rating agencies have now joined market players, the European Commission and other international organizations in confirming that the Hungarian economy is on the right track
The news comes after three of the most influential credit rating agencies in the world upgraded Hungary's rating in 2016. Fitch was the first to upgrade Hungary to investment grade in May, followed by S&P in September then Moody's in November