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BSE management adopts five-year strategic plan

The management of the Budapest Stock Exchange (BSE) accepted the proposed five-year strategic plan for the years 2016-2020 for a comprehensive development program of the stock market, National Bank of Hungary deputy governor and BSE chairman Márton Nagy said today, according to Hungarian news agency MTI.

The development project aims to improve the BSEʼs competitiveness in the medium and the long term while ensuring it supports the growth of the Hungarian economy.

According to Nagy, BSE management would like to carry out their strategy with the help of the government and they will be holding talks with the state about the upgrade of the stock exchange.

The BSE chairman noted that with European Union funding diminishing after 2020, the government aiming for a balanced budget and the central bank scaling back its support of corporate lending, companies will have to prepare for a time when they will have to base their growth on financial markets.