Zoltán Kovács, the government’s international spokesperson discussed the improvements the Hungarian economy has made since joining the European Union. He emphasized that the country has managed to bring down the budget deficit below 3%, and the unemployment rate has dropped to 7.3% this year.

On the CNBC’s Squawk Box Europe programme he was also talking about Hungary’s growth prospects underlining that there is a 2.5% growth rate foreseen for the next year and by phasing out FX loans, the credit environment will be consolidated as well.

For the full interview see: http://video.cnbc.com/gallery/?video=3000335165

(Prime Minister's Office)