Hungary attempts to rise from debt

Hungary, EU's most indebted nation, has lowered its interest rates from 2.5% to 2.4% in an attempt to boost the country's economy.

This marks the twenty second successive monthly reduction that began with a peak of 7% in August 2012.

Recently, the Hungarian government also imposed energy price cuts and boosted local financial markets with a continual inflow of capital.

The country is taking cautious steps as the political turmoil in the neighboring Ukraine causes a lot of uncertainty in the economical world.