Varga: the Hungarian economy remains on the current growth trajectory

The Hungarian economy will stay at the current growth trajectory in the next 1.5 – 2 years; According to the latest calculations the Hungarian GDP may grow by 2.8 to 2.9 percent this year – the Minister of National Economy announced in Budapest on Wednesday, at the event of the National Federation of Employers and Industrialists (MGYOSZ).

In his presentation, Mihály Varga pointed out that back in 2010 Hungary was often compared to Greece, due to debt and other issues. And while Greece has been taking out one loan after the other ever since, this year Hungary will not issue any forex bonds on international markets. To highlight differences between the two countries he added that three-year Greek government bonds yield some 20 percent, whereas comparable Hungarian securities pay 2.1 percent. (MTI)