Hungary overview

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In Hungary we focus on:

select areas where transition gaps remain and where the Bank can be additional, including in the efforts to overcome the impact of Covid-19.

developing capital markets and on opportunities to deploy equity and innovative investment products, and where appropriate seek to address inclusion and governance issues.

supporting projects in the areas of resource and energy efficiency, decarbonisation and renewable energy. The Bank will continue to pursue cooperation with the
authorities, including with the Ministry of Innovation & Technology on energy efficiency and the National Bank on green bonds and other green financial products.

The EBRD’s latest strategy for Hungary was adopted on 10 March 2021

Hungary's policy response to the coronavirus crisis

The EBRD is monitoring Hungary's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

Current EBRD forecast for Hungary’s real GDP growth in 2021: 4.0%

The lockdown introduced by the government in March 2020 to limit the transmission of Covid-19 brought much of Hungary’s economic activity to a halt. In the first half of 2020, the economy shrank by 5.8 per cent year-on-year, weighed by a slide in net exports, investment and tourism revenues. The unemployment rate increased to 4.9 per cent in June 2020, after registering a historic low at 3.4 per cent in January 2020.


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