ÁKK dep-CEO expects no plans for FX issues in 2016 either
Hungaryʼs Government Debt Management Agency (ÁKK) expects it will not plan any foreign issues next year, just as this year, deputy-CEO László András Borbély said at a conference yesterday.
"We donʼt plan any FX issues this year nor expect to next year. Instead, we will try to get the entire financing need from inside the country, in forints," Borbély said at Pécs Financial Days.
This will reduce foreign exposure, which appears to be appreciated by rating agencies, he added.
He noted that holdings of retail government securities had risen from just HUF 470 bln at the end of 2011 to HUF 2.5 trillion, to account for 17% of the total stock of government securities.
He attributed the increase to competitive prices, the introduction of new products, the expansion of the sales network and active marketing campaigns.
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.