Hungary plans incentives for SMEs to enter bourse
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The Hungarian government is considering offering incentives to SMEs for entering and listing shares on the Budapest Stock Exchange, state secretary Ágnes Hornung said yesterday at a press conference, according to reports.
The state secretary said that supporting the listings of SMEs and their expected entering to the Budapest bourse could help advance the Hungarian economy. She added that amendments planned to the capital markets act clear the way for new trading platforms which will help meet financing needs, Hungarian news agency MTI reported.
Currently receiving financial support for firms is not difficult, but this might change as the central bank is winding up funding programs and available EU funding is expected to drop after 2020, Márton Nagy, deputy governor of the National Bank of Hungary, reportedly said at the conference. The strengthening of the capital market is important as businesses will have to find financing on the market, he added, according to MTI.
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