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Hungarian Bourse president lobbies against deserted floor

While analyzing the achievements of the stabilization program, the government should keep an eye on the Hungarian capital market, and take steps to prevent it from becoming a deserted marketplace, chairman of Budapest Stock Exchange (BÉT) Attila Szalay-Berzeviczy said.

So he asked the PM and the Finance Minister consider the stock exchange stimulating program that was created by the management of Budapest Stock Exchange when discussion will start on tax changes in the autumn. That proposal includes the introduction of a long-term investment account (HTB), which would become tax free after three years investment. It also recommends that the taxation of investment bonds introduced to the floor should be adjusted to the taxation of shares. The proposal also sets forward that the real estate market should be unified with the stock exchange: therefore if someone invests his real estate incomes into the HTB, that sum would be tax free after three years of investment. (Gazdasági Rádió, Magyar Hirlap)