Eurostat: Hungary overtakes Portugal in GDP ranking

Hungary is catching up with the EU average for GDP in terms of purchasing power parity, with the greatest progress achieved in the current cycle, based on data published by...


Here’s why this major credit rating agency is bullish on Hungary and why the others should be too

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.

Jun 1, 2016 - Zoltán Kovács

Forbes: Hungarian reforms are working

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.

May 5, 2016 - Zoltán Kovács

Hungary’s 2017 Budget: More Stability, Deeper Tax Cuts

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.

Apr 18, 2016 - Zoltán Kovács