Dancsó said that while there is no specific sales target, the aim is to increase retail sales as much as possible. The Treasury plans to raise the number of retail sales points from the present 79, while expanding internet and mobile sales channels. The Treasury receives a distribution fee, similar to any market distributor, he noted.
Net sales of retail securities reached HUF 1.106 trln in 2015, according to figures of the Government Debt Management Agency (ÁKK). The ÁKK sold a net HUF 907 bln in retail forint government securities in the first five months of this year, the latest available ÁKK figures show. The stock stood at HUF 4.425 trln at the end of May, making up 17.7% of all outstanding central budget debt.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
