• Home
• Channel: Finance
• Fitch Sees Successful Relaunch Of Hungary's Economy, Says Finance Minister

Fitch Sees Successful Relaunch Of Hungary's Economy, Says Finance Minister

• 31 Jan 2022 7:24 AM
• Hungary Matters

The relaunch of Hungary’s economy has gone successfully in the assessment of Fitch Ratings, which recently confirmed Hungary’s credit rating, Mihály Varga, the finance minister wrote on Facebook on Saturday.

Fitch continues to mark Hungary’s rating as investment grade with a stable outlook, Varga noted.

The agency expects strong growth and various indices to move into balance in the following period, the minister said.

Moody’s upgraded Hungary last September, he noted, and Hungary is now recommended for investment by all three major credit rating agencies.

“Not only do investors trust in the Hungarian economy but ratings agencies do, too” Varga said.


MTI Photo: Szilárd Koszticsák

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

• Fitch Economy Finance Minister

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

Hungarian Finance Minister Presents Tax Bill to Parliament

• 31 Oct 2024 7:42 PM

A tax bill submitted by the Finance Ministry to parliament on Wednesday would double tax preferences for families with children, extend the preferential VAT rate for home purchases and phase out some taxes on businesses.



Hungary Advances to 7th in International Tax Competitiveness Ranking

• 23 Oct 2024 1:53 PM

Hungary has advanced to 7th from 11th place in the latest annual ranking by the Tax Foundation of OECD countries' tax competitiveness, Finance Minister Mihaly Varga said in a post on social media.



Official “Good News”: Economy in Hungary Could Grow by Over 2% This Year, 3.5% in 2025

• 1 Aug 2024 10:11 AM

Hungary’s economy could grow by 1.8-2.2% this year and 3.5% could be achieved “by all means” next year, the finance minister said.



"Cause for Optimism”: GDP up 1.5% in Hungary

• 31 Jul 2024 10:54 AM

Hungarian gross domestic product grew by an annual 1.5% in the second quarter, the Central Statistical Office (KSH) said in a first reading of data. Adjusted for calendar-year effects, GDP grew by 1.3%.