The state is the most reliable financial partner for everybody, stated Minister for National Economy Mihaly Varga opening the 77th sales point of the Hungarian State Treasury.
“Sales data of government securities point to great popularity and that is a sign of the trust of households and enterprises in future outlook and the performance of the Hungarian economy”, said Mr Varga.
The stock of government securities held by households has been rising since 2012 when Hungary launched a retail program. The share of respective holdings also increased from 5 percent to 13 percent of total. “Government securities have been a competitive savings instrument on the Hungarian financial market; over the past four years, half of the volume of new household savings has been invested in government bonds”, he added.
