ADVERTISEMENT

CIG Pannonia shareholders vote to pay no dividend

In Hungary

Shareholders of Hungarian insurer CIG Pannonia decided to pay no dividend at an annual general meeting today. CIG Pannonia had net profit of HUF 82 mln last year, according to Hungarian Accounting Standards. 

The shareholders mandated the board to purchase up to 5m A-series treasury shares at a price up to HUF 400 apiece. They also mandated the purchase of up to 1,150,367 B-series and 730,770 C-series interest-bearing treasury shares at a price up to HUF 750 apiece in the next 18 months.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.