BSE: 330 Hungarian SMEs suitable for listing

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Some 330 SMEs in Hungary could benefit from listing shares on the Budapest Stock Exchange (BSE), the exchangeʼs CEO Richárd Végh said on Friday, Hungarian news agency MTI reported.

The BSE has arrived at this conclusion following an evaluation of SMEs, based on their size, profitability, growth and strategy, Végh said.

The 330 small- and medium-sized enterprises in question have seen revenue climb almost 30% in recent years, and their staff remuneration is higher than usual, he said. With an average age of 18 years, they are not start-ups, he added, according to MTI.

The new strategy of the Budapest Stock Exchange includes offering incentives to encourage Hungarian SMEs to be listed on the Budapest bourse. Végh stressed that the BSEʼs aim is to present listings as an alternative means of financing, especially by 2020, when the current European Union funding cycle ends, MTI reported.

The bourseʼs strategy between now and 2020 targets raising the BSEʼs market capitalization from the current 18% of GDP to 30%, MTI noted.

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