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Hungary: Stable Economy, Weak Currency

Published: January 31, 2014; 12:05 · (Vindobona)

According to Prime Minister Orban the volatility of the Hungarian Forint is based on global factors.

Hungary: Stable Economy, Weak Currency / Picture: © Flickr / European People's Party - EPP

In a radio interview Prime Minister Viktor Orban stressed the volatility of the national currency was founded by outside factors. "The current account, which is key in terms of exchange rate stability, has been in a surplus for years and keeps getting stronger," he said. "Everyone sees that the changes affecting the Hungarian currency happen because of global financial flows and not because of the economic reality in Hungary."

On Thursday the Hungarian Forint stood 312 against the Euro, which a drop by 5 percent this year.