Varga will examine opportunities on the market for state bonds and will propose changes by December, he said. “An upgrade is not merely symbolic; it has a practical impact, too,” he said. This marks a new chapter in state securities trade and in state financing itself, Lázár added.

Asked whether the government plans to enter the foreign-currency bond market again, Lázár said “every possibility will be weighed”.

He also said that these changes would present a good opportunity to review the institutional system behind residency bonds.

Republished with permission of Hungary Matters, MTI’s daily newsletter.