Standard and Poor’s has raised its long and short-term foreign and local currency sovereign credit ratings for Hungary to BBB-/A-3 from BB+/B, putting the country back in the investment grade, Hungarian news agency MTI...
The EU 3 per cent of GDP limit in a state budget is of no major macroeconomic relevance in Poland. The issue is different – lack of capability to generate savings in good times.
Bulgaria wants to cut its fiscal deficit to 0.5 per cent of GDP by 2019 and protect its currency's peg to the euro, its mid-term budget forecast shows.