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“Hungary Could Profit From China-EU Railway Cargo Transport”

The railway transport of Chinese goods offers profitable opportunities for the Hungarian railway network, Péter Szijjártó, the minister of foreign affairs and trade, told an event of railway association HungRail. Hungary has already started revamping the Budapest-Belgrade rail line with a view to transporting Chinese goods from Greek ports to Europe via Hungary, Szijjártó noted.

Moody’s Takes Rating Actions on Hungarian Banks

Moody’s Investors Service on Tuesday said it took rating actions on six Hungarian banks, following the upgrade of Hungary’s sovereign rating to Baa2 from Baa3, with a stable outlook, on Friday. Moody’s upgraded the long-term backed deposits and long-term backed senior debt ratings of the state-owned Hungarian Development Bank (MFB) to Baa2 from Baa3, with […]