Hungarian Prime Minister Ferenc Gyurcsany’s minority Socialist government is considering a plan that would pump €3.9 billion into the economy, in order to stimulate growth and help steer this emerging market through the international financial crisis.

Gyurcsany explained that the bail-out would go a long way in ensuring economic stability by protecting both jobs and exports.

Hungary’s economy health relies very heavily on exports and according to one recently released statistic, as much as 40 percent of the country’s GDP is based on exporting consumer productions, primarily to Western Europe.

The Hungarian prime minister noted that Hungary has “largely overcome” the financial crisis that is wrecking havoc through much of continental Western Europe, the United Kingdom and the United States. Earlier this autumn, Hungary’s currency plunged together with the Budapest Stock Exchange, but both have since regained much of the value that they originally lost.

The €25 billion financial assistance package offered by the International Monetary Fund and the European Union has helped bolster investor confidence in this emerging economy.

Most western analysts agree that Hungary almost certainly “dodged a bullet” over the course of the past several days.

Now that economic stability seems ensured, the Hungarian government’s main concern will have to be lowering the country’s budget deficit—which it has successfully been doing for the past two years—and it will also have to prepare for the eventual adoption of the euro.

Nearly all experts emphasize the importance of doing this as soon as possible and most believe that 2012 is a realistic date.