Hungary has been upgraded by Coface credit insurance

We have moved up in the Coface rank

In the communication, the upgrade was explained by the fact that although there are risks, overall the more favorable factors are in the majority in Hungary.

The rise in prices in the world economy has also boosted inflation in Hungary, and the price index is being pulled up by labor shortages, wage increases and the drastic rise in fuel prices, they said. They also indicated that a key issue for inflation is how long consumers, including households, are willing to pay higher prices. (MTI)