Blog Prime Minister ‘The Hungarian model is working,’ says PM Orbán, ‘but faces 5 threats this year’ Feb 27, 2017 - Zoltán Kovács As a result of the hard work of Hungarian people, Hungary once again stands before an “economic breakthrough,” said Prime Minister Viktor Orbán addressing the Parliament earlier this week at the opening of the spring session.
News in Brief Hungary's GDP is set to grow by 3.4 percent in 2017 Dec 12, 2016 By flooding the market with extra liquidity, the Hungarian central bank will be able to fine-tune interbank rates and short-term yields
Blog Here’s why this major credit rating agency is bullish on Hungary and why the others should be too Jun 01, 2016 - Zoltán Kovács In recognition of Hungary’s successful efforts to revive its economy, Fitch Ratings upgraded the country to investment grade recently. Although the upgrade came earlier than statistics might suggest, it was no surprise as markets had already priced Hungary’s widely anticipated return to investment grade at multiple credit rating agencies this year. Fitch’s upgrade signals important recognition that Hungary’s reforms are working.
News in Brief GDP growth rate set to rise during second quarter of 2016 May 17, 2016 Government measures are boosting domestic consumption, such as the Family Housing Allowance and the 5 percent VAT rate on property sales
News in Brief 2017 budget could help bring back Hungarians living abroad May 10, 2016 The government’s measures will help the younger generation find the opportunities they seek
News in Brief European Commission: Hungary's GDP to continue growth path in 2016 and 2017 May 05, 2016 European Commission predicts Hungary's GDP to rise even higher than originally thought
Blog Forbes: Hungarian reforms are working May 05, 2016 - Zoltán Kovács A recent installment of the Global Investment Guide, a series published by Forbes, writes on the recovery of the Hungarian economy, noting that Hungary has reported even better than expected results in stimulating economic growth, reducing unemployment and cutting the GDP-to-debt ratio for the first quarter of 2016. Thanks to savvy reforms that work, Hungary’s bonds, equity markets and currency have recovered and are healthy again.
News in Brief Hungary has enjoyed one of the highest growth rates in Europe in recent times May 02, 2016 Hungary's success story is thanks in part to the government's adoption of unorthodox measures for economic recovery
Blog Hungary’s 2017 Budget: More Stability, Deeper Tax Cuts Apr 18, 2016 - Zoltán Kovács The Hungarian Minister for National Economy Mihály Varga presented Hungary’s 2017 budget plan on Tuesday. The core message signals predictability and stability to investors, while maintaining the government’s popular “one step ahead” policy, especially for families. The budget plans for 3.1 percent GDP growth, a falling debt-to-GDP ratio and a deficit of 2.4 percent.