Minister Varga: Hungary Emerging From Crisis
- 2 Sep 2013 9:00 AM
Hungary is emerging from the crisis and the economy is growing, albeit slowly, Minister of National Economy Mihály Varga stated on Friday at an Expo in Komló. The Minister said that Hungary no longer belongs to countries endangered by bankruptcy, and noted that the European Union's excessive deficit procedure, under which Hungary had been for nine years, became a thing of the past.
"In the past three years, Hungary has truly stood on its own two feet and , from this point of view, 2013 could turn out to be the year it makes a breakthrough," Mr Varga pointed out, noting that the volume of investments in the second quarter of this year had grown by 4.6% compared to the same period a year before.
Regarding foreign currency loans, the Minister expressed his hope that a solution would be found, helping hundreds of thousands of borrowers. Mr Varga also emphasised the importance of increasing employment, stating that there are 207.000 more people working today than three years ago, due governmental support for SMEs.
Suurce: Ministry for National Economy
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