ADVERTISEMENT

Gov’t bourse subsidy available to companies again

Competition

The government will offer this year a combined Ft 100 million in subsidies to compensate the costs of getting a first-time listing on the Budapest Stock Exchange (BSE), says a decree by the Ministry of Economics and Transportation published yesterday. This is the same amount that was offered to companies floating their shares on the BSE last year. Last year applications for Ft 112 million in funding were received of which Ft 87.8 million were accepted. However, among the four winners -- TvNetWork, Állami Nyomda, Bookline.hu and GENEX -- only TvNetWork and Állami Nyomda were listed before the deadline prescribed for claiming the subsidies, and Állami Nyomda decided not to claim the subsidies. Therefore, only TvNetWork made use of the support, accepting Ft 25 million, which was enough to pay for half of its listing costs, the maximum limit for the subsidy. (Econews)

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.