OECD warns Hungary in country report

15 March 2012

The Organisation for Economic Co-operation and Development (OECD) has presented its report on the state of Hungary’s economy, warning the country must take steps to stabilize the economy, along with relations with European and international institutions. This includes creating a more business friendly environment, improving the country’s fiscal situation and normalizing the role of the Central Bank as well as the Hungarian judiciary. The Hungarian government has come under fire for seeming to seek control of those institutions. It did mention that 2010 was the first time in the past 12 years that Hungary stuck to its annual deficit target.

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