A graph in Varga's post shows wage-related costs fell by 9.5 percentage points in Hungary between 2009 and 2020.Continue reading
The relaunch of Hungary’s economy has gone successfully in the assessment of Fitch Ratings, which recently confirmed Hungary’s credit rating, Finance Minister Mihály Varga 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.
Featured photo illustration by János Mészáros/MTI