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Minor tax increase on bourse profits

Revenue taxes on the stock exchange market are expected to grow to Ft 90 billion in 2005 from last years Ft 87 billion, which is a slight increase compared to the 32% expansion of the profits of the Hungarian bourse. The biggest tax paying companies are Hungarian oil and gas company MOL Rt (with more than Ft 30 billion) and OTP Rt (due to 2005's special bank taxes), the Hungarian government also crediting more than Ft 7 billion on MOL as revenues on dividends. Richter Rt is taking advantage of its 5 years tax-free period for 3 more years. (A. Sz. NG 11)