International organisations now recognising Hungarian economy’s improvement, says economy minister

Budapest, February 16 (MTI) – International organisations are finally recognising the Hungarian economy’s improvement, Economy Minister Mihály Varga said on Tuesday, noting a fresh report by the IMF which said the Hungarian economy is performing “very well”.

Varga also noted that on Monday Morgan Stanley said Hungary improved the most in the region since 2008 in terms of reducing its vulnerability.

The minister said the government will look to significantly reduce last year’s 750 billion-800 billion forint (EUR 2.4bn-2.6bn) budget deficit this year.

Source: http://mtva.hu/hu/hungary-matters