Government interference hinders Hungary growth

Fund managers investing in Central and Eastern Europe continue to favour Hungary over other markets. Hungary is seen as the most successful of the countries in the region, with strong export-led growth, especially in the wake of the ongoing recovery in Western Europe. Inflation is on a downward trend, although the July figure was disappointing at 9.2% annualised, up from 9.1% in June, according to Andrew Ness, emerging Europe fund manager at Murray Johnstone. The market was expecting a fall to 8.7% but Ness says the reasons for the disappointing results involved pressures in oil pricing. ...