Press Release: Commission concludes third review of the EU balance-of-payments assistance for Hungary

On 16 November 2009, the European Commission services, in close cooperation with the International Monetary Fund staff, completed the third review under the EU balance of payments assistance concluding that Hungary has made good progress regarding its economic programme. Against the background of a markedly improved access to market finance and strongly reduced external financing needs, Hungary is not requesting the release of international assistance upon the completion of this review.