NGM: Fitch Ratings continues to recommend Hungary for investment

By: Trademagazin Date: 2025. 12. 05. 11:56

🎧 Hallgasd a cikket: Nyelv: Sebesség: 1.05×

Fitch Ratings has once again affirmed Hungary’s sovereign debt rating and continues to recommend our country for investment – with a negative outlook. In 2025, a wave of downgrades was visible worldwide, affecting many European and regional countries, which is why it is a serious achievement that we have avoided a downgrade in the recent period, so all three major credit rating agencies – Fitch Ratings, Standard and Poors and Moody’s – continue to recommend our country for investment, the Ministry of National Economy (NGM) told MTI late on Friday evening.

According to the NGM, in addition to the credit rating agencies’ assessments, international confidence in Hungary is also confirmed by the outstandingly successful bond issues: this year, the ÁKK carried out issues in three currencies – the euro, the dollar and the Chinese renminbi – with multiple oversubscription.

This highlights that global challenges Despite this, both Western and Eastern investors view our country as a reliable partner and meeting point.

The strong investor and market confidence is also indicated by the continuous inflow of foreign direct investment. In addition to Western, the proportion of Eastern, Chinese and South Korean investments is also increasing, so in the near future such mega-investments as CATL, BYD, SEMCORP or EcoPro will be involved in the performance of the national economy.

The Hungarian economy is on stable foundations, employment remains high, with nearly 4.7 million people working, while the number of registered job seekers is at a record low. Real wages have been growing continuously for more than 2 years, thus increasing consumption and setting new records for domestic tourism.

The government’s economic policy and consumption-stimulating measures have increased GDP by 2 percentage points. This is also supported by the wage agreement signed on December 4, according to which the minimum wage will increase by 11 percent to 322,800 forints in 2026, and the guaranteed minimum wage by 7 percent to 373,200 forints – the NGM wrote.

The statement states that the government is continuously working to achieve the highest possible economic growth, basing this on consumption-led growth in the short term and investment-led growth in the long term.

In order to achieve sustainable growth in the long term, the government is supporting the investments of domestic SMEs with more than 1,400 billion forints under the Demján Sándor Program, thereby increasing their scale and productivity.

However, the government is not stopping here: it has introduced a fixed 3 percent SME loan, doubled the maximum amount of capital that can be invested in a business under the Demján Sándor Capital Program, launched the second phase of the 1+1 Program, and is implementing the 150 new factories program.

In addition to all this, the government is implementing an 11-point tax reduction program of 80-90 billion forints, which will significantly reduce the tax and administrative burdens of 230-240 thousand businesses.

According to the Ministry of Finance, Hungary’s finances are in order, so the government – due to the negative external economic environment and despite pressure from Brussels – it will generate all the necessary resources for programs supporting families, pensioners, young people and businesses, such as: the fixed 3 percent Home Start program, the doubling of the family tax allowance, the personal income tax exemption for mothers with two and three children, or the first weekly installment of the 14th month’s pension.