Hungary  Not at Risk
World Economy

Hungary Not at Risk

The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, Hungarian news agency MTI reported. The bank has so far invested €2.7 billion in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected to focus on energy, energy security, infrastructure, and innovation, he said. The bank and Hungarian government maintain good relations, he added. Hungarian economic growth is “among the highest in the European Union”, he said, adding that “financial stability in the country has strengthened significantly”. Such “Hungarian advantages” are prized by the EBRD, which is gradually becoming a global financial institution, he said. Recently the bank’s deputy chairperson, Betsy Nelson, visited Hungary and met Economy Minister Mihaly Varga. The most important subject of their discussions was what kind of investment opportunities lay in store in Hungary for the EBRD, Nikoletti said. The bank expects Hungarian economic output will grow by 2.9% this year.


Short URL : http://goo.gl/0HsKu8
  1. http://goo.gl/Ev5de9
  • http://goo.gl/rZllJz
  • http://goo.gl/oVSePh
  • http://goo.gl/NWZDBi
  • http://goo.gl/VDJ0Bu

You can also read ...

The OECD predicts UK growth will slow sharply next year. Its GDP will slow from 1.8% to 1.6% for 2017, before dropping to 1% in 2018.
The global economy looks set to post its best performance in...
Japan Exports Jump 18 Percent, Fastest in Four Years
Booming shipments of cars and electronics in August drove up...
Asian Firms’ Confidence Slips  as Geopolitical Tensions Rise
Business confidence among Asian companies fell for the first...
Private firms, mostly SMEs, generate about 60% of China’s GDP and around 80% of the country’s jobs.
China’s value-added tax reform, a key part of supply-side...
Unemployment came out as the top concern in Europe, South Asia and sub-Saharan Africa, in second place is  Latin America, and in third place is the MENA region.
Unemployment is the biggest risk for businesses globally,...
Tata, Thyssenkrupp Announce Steel Merger
Industrial conglomerate ThyssenKrupp and Indian group Tata...
Brazil Improves But Political Uncertainty Keeps Fiscal Deficit High
The worst might be over, yet there are still notable concerns...
South Africa’s Stable Inflation Boosts Chances of Rate Cuts
South African inflation rose less than expected in August,...