Hungary remains a recommended investment destination

The credit rating agency, which has been regularly gloomy about the performance of European countries in recent times, has also revised the outlook for Hungary’s sovereign debt rating from stable to negative.

The NGM emphasized that the government’s position is that this assessment is temporary and that a positive turn is expected in the second half of the year.

The Hungarian economy is on solid foundations, which is also reflected in the credit rating agency’s assessment, so the outlook may return to the stable category in the coming period, they stated.

The ministry added that the Hungarian domestic economic processes are pointing in a positive direction, real wages have been rising continuously for 17 months, consumption is expanding again, and all forecasts indicate that after 2024, domestic tourism may close another record year in 2025 – they explained.

Employment remains outstanding, with nearly 4.7 million people working, while the number of registered job seekers is at a historic low. The new and used car market is picking up, the number of housing market transactions is growing dynamically, and retail lending is also booming. Construction production has been growing continuously for the fourth month in January 2025.

The government’s goal is for economic growth to be on a sustainable and balanced path, with growth exceeding 3 percent in the second half of the year, so that in 2025 the total annual economic expansion could reach 2.5 percent, which is expected to be around 4 percent in 2026

– the ministry announced.

To this end, the government considers strengthening industry and supporting Hungarian small and medium-sized enterprises as a priority task.