In the first half of 2015, several studies evaluated the economic fundamentals of Central and Eastern European countries from the aspect of the introduction of the common currency. One of the main conclusions was that Hungary showed significant progress compared to the situation some years ago. The country already meets three out of the altogether five so-called Maastricht criteria. In case of the fourth criterion -- although the general government debt-to-GDP ratio is still higher than 60 percent -- a steady positive trend has been in place and the level of state debt is already below the EU average. The fifth requirement of staying in the ERM II exchange rate mechanism for at least two years prior to joining the bloc is a technical criterion.

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(Ministry for National Economy)