• Home
• Channel: Finance
• Hungarians Have Least Debt Relative To Income In Europe, Survey Finds

Hungarians Have Least Debt Relative To Income In Europe, Survey Finds

• 21 Feb 2020 10:48 AM
• Hungary Matters

Hungarians have the lowest amounts of debt relative to their incomes in European comparison, but many still experience difficulty with paying their bills, according to a fresh survey by receivables management company Intrum.

Of the Visegrad Group countries, Hungary registered the highest score on Intrum’s financial wellbeing barometer with 6.24 points.

Slovakia scored 6.19, the Czech Republic 6.16 and Poland 5.54 points on the barometer which factors in the ability to pay bills on time, credit freedom, saving for the future and financial literacy.

Hungary’s relatively high score can be attributed primarily to the low volume of retail lending stock. Hungary had the highest level of credit freedom out of all European countries.

MTI Photo: Máthé Zoltán

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Debt Credit

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Inflation in Hungary Predicted to Rise Over Coming Months, A National Bank Director Reveals

• 20 Dec 2024 6:38 AM

Inflation in Hungary will temporarily rise in the coming months, but will remain within the tolerance band throughout most of 2025, Andras Balatoni, a director of the National Bank of Hungary (NBH) said.



Updated: New Capital Programme Supporting SME's in Hungary to Launch with HUF 100 Billion in February

• 11 Dec 2024 6:11 AM

The Demjan Sandor Capital Programme, an element of the Demjan Sandor Programme for scaling up local SMEs, will launch with an allocation of HUF 100bn in February, the state secretary for SMEs announced.



Fitch Revises Outlook in Hungary from Negative to Stable

• 9 Dec 2024 2:48 PM

Fitch Ratings affirmed Hungary's investment-grade sovereign rating and revised the outlook to stable from negative on Friday, the National Economy Ministry said in a statement.



Moody's Takes Actions on Four Hungarian Banks

• 6 Dec 2024 4:56 PM

Moody's Ratings on Thursday took rating actions on four Hungarian banks, reflecting the change to negative from stable of the outlook on Hungary's Baa2 sovereign rating.