Investors from all around the world maintain a strong interest in the Hungarian economy, Finance Minister Mihály Varga said on Friday.
“As is evident from the latest assessments by credit rating agencies, investors favourably assess the stable foundations of the Hungarian economy,” Varga said on Facebook.
“We cut the budget deficit in spite of the war, sanctions and the election year. We reduced state debt more than expected, too,” he added.
He noted that Hungary’s economy grew faster than the European Union average even without Recovery and Resilience Facility (RRF) funding. “We’ll avoid a recession this year, too,” he added.
Hungary factory gate prices up by 29 percent in February
Factory gate prices in Hungary rose by 29.0 percent year-on-year in February, driven by dearer energy and commodities, and the weaker forint, the Central Statistical Office (KSH) said on Friday.
Prices for domestic sales climbed 56.4 percent, boosted by energy prices, while export prices rose by 15.8 percent. Headline PPI fell from 33.5 percent in January.
In a month-on-month comparison, factory gate prices fell by 2.2 percent as prices for domestic sale were down 1.3 percent and export prices declined 2.6 percent.
… They also appreciate our low wages, low corporate tax rates, grants and incentives, and more than anything, that we are part of the European Union!
Laughable – just FALSENESS in the on-going use of PROPAGANDA by this Minister.
Mihaly Varga – joined Fidesz at its conception in 1988.
Mihaly Varga – a “Square Peg in a Round Hole” – who has a Political Career CV that Truth & Fact don’t get a pass mark.
Norbert in his comments – points to reasons but the European Union Membership, that reason, is in rapid momentum, by the Orban led AGGRESSION on the European Union, and fact, that Hungary STILL can’t “Sign off” embracing total membership LAW of the European Union, that DEMOCRACY will be totally practiced and adhered to by Hungary.
Mihaly Varga – he has cemented his Image & Position in Fidesz and his SUPPORT of Orban – and will be DELIGHTING at this ERADICATION of DEMOCRACY – seeing the RAPID return – the Governance again of Hungary pre 1989.
Mihaly Varga – his IMAGE complements that Kremlin set.