Budapest Stock Exchange marks 25th anniversary of relaunch
The Budapest Stock Exchange celebrated the 25th anniversary of its re-establishment today.
The re-establishment, on June 21, 1990, was a milestone not only for the bourse but for the Hungarian economy as a whole, said CEO Zsolt Katona. The BSE also served as an example for the rest of the stock exchanges in the region, in terms of market and product development, as well as technical and regulatory infrastructure, he added.
Chairman Michael Buhl noted that the bourseʼs past stretched back much further than 25 years.
The bourse started operating in 1864, first as a securities exchange, and later as a commodities exchange, as well. The bourse was dissolved in 1948, after much of Hungaryʼs industry was nationalized.
The bourse relaunched in 1990 with 41 founding members and traded shares in a single company: IBUSZ.
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