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English to become official at BÉT

As a result of a recent decree of the Finance Ministry English may become the second official language at the Budapest Stock Exchange (BÉT). The decree lifted the requirement to publish annual reports and all other investor communication in Hungarian, allowing companies to use English exclusively. The decree is intended to make the appearance of foreign shares on BÉT easier, as interested companies can save the costs of the official translation of investor communication materials. (Vg Thurs. 13) A.K.