Speaking to MTI on Friday, Hungarian central bank governor György Matolcsy stated that the country’s achievements from the past 10 years will be protected by the National Bank of Hungary (MNB).

He went on to explain that the economy in Hungary is “on the brink of great opportunities”. 

The Hungarian central bank has been offering packages that are helping to mitigate the consequences that the coronavirus had on the country and its businesses. “We continue to believe that the Hungarian economy can achieve a V-shaped recovery,” Matolcsy said. 

The country saw a continued growth rate after the Hungarian government imposed stimulus measures. The rate at which the economy is growing is higher than that of the European Union’s average by 2-3%.

All that Hungary has achieved in the past decade helped to “bring the country back from the edge of a cliff,” Matolcsy said, and went on to say that the MNB has plans to further protect the economy during the pandemic. 

The measures taken “must help both those in need and those even capable of overtaking others in the turn, thereby laying the foundations to restart the economy”.

The governor explained, “In addition, we are providing the economy with 3 trillion forints of new resources, more than 6 percent of Hungarian GDP. We’re confident in the strength of the Hungarian economy … just economic players can trust in the success of the measures taken so far.”