Bourse CEO Zsolt Horváth resigns
More Hungarian companies are expected to list shares to raise money, as government funds dry up amid an austerity package designed to cut the Hungary's budget deficit, Mohai said. Opportunities to expand cooperation with other bourses in eastern Europe will also be explored, he said. The Budapest exchange will work jointly with Wiener Borse, part of its principal ownership group, he said. Acquisitions are unlikely right now as Warsaw, the only attractive bourse in the region, isn't available. The new CEO will also seek to convince the government, which will introduce a capital gains tax next year, to give tax breaks for long-term investment, he said. (Bloomberg, MTI)
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