Residency bond subscriptions reach 31 in March
Sales of special government bonds that accelerate applications for permanent residency in Hungary by foreign nationals reached just 31 in March, local dailies said on Thursday, citing data from the Government Debt Management Agency (ÁKK).
Sales of the bonds generated revenue of just €7.7m in March, business daily Napi Gazdaság said. Sales came to €16.7 mln in each of January and February.
Hungary introduced the non-tradable bonds under legislation approved in 2012. Agents, approved by parliamentary committee, issue securities against the bonds which are subscribed by foreign nationals. So far, 2,387 of the bonds, which now have a face value of €300,000, have been sold.
ADVERTISEMENT
Duna House Profit Rise 36% y.o.y.
Parl't Approves Amendments to Legislation on Judiciary
Wizz Air Participates in USD 50 mln Investment
Tourism Nights Slightly up in April 2023
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.
