Hungary has retained its investment-grade credit rating from Moody’s, according to a statement released by the Ministry for National Economy (NGM) early Saturday. The announcement confirms that, like other major credit rating agencies, Moody’s continues to consider Hungary a stable investment environment.
The NGM pointed to several key indicators of economic stability: employment remains high, with nearly 4.7 million people working, while the number of registered jobseekers has dropped to a record low. Real wages have been rising for over 18 months, and the domestic tourism sector—following a record year in 2024—is expected to surpass that achievement in 2025.
Investor confidence in Hungary is also reflected in recent bond issuances. The Hungarian Development Bank (MFB) recently raised €1 billion under favourable conditions, achieving a 4.375 per cent interest rate amid strong international demand.
The government stated that it is committed to directing resources toward supporting families and domestic small and medium-sized enterprises (SMEs). Its long-term goal is to achieve robust economic growth and eventually improve Hungary’s outlook from its current ‘negative’ designation to ‘stable’.
To support this, Hungary is implementing what it claims to be Europe’s largest tax-cut programme, while also taking firm action against unjustified price increases. Measures to reduce profit margins have now been extended beyond food products to include non-food items, aiming to stimulate household consumption.
While rising consumer spending may boost short-term GDP growth, the government acknowledges that long-term sustainability depends on invigorating investments. To this end, it has expanded its ‘100 New Factories Programme’ to 150 factories and introduced a 21-point New Economic Policy Action Plan that prioritizes support for domestic SMEs.
A key part of this effort is the Demján Sándor Programme, a comprehensive initiative offering over 1,400 billion forints in funding. The programme includes non-repayable grants, low-interest loans, and a 100 billion forint equity fund designed to help businesses scale up and increase productivity.
Under the programme’s 1+1 SME Investment Support Scheme, 1,885 companies have submitted funding applications totalling 136.3 billion forints for technology upgrade projects. In response to high demand, the government increased the budget from 48 billion to 130 billion forints, enabling nearly 1,800 businesses—up from an originally planned 450—to move forward with their investments.
The ministry emphasized that all these efforts reflect Hungary’s long-term commitment to strengthening its economy and enhancing its international economic standing.
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