UniCredit Bank Hungary Zrt.
Summary:
The official list of public holidays in Hungary in 2016 is now available
Thu, 27/08/2015
The Hungarian Government published the official holiday schedule for Hungary for 2016. The list of holidays in 2016 will be as follows:
1 January | Friday | New Year's Day |
14 March | Monday | Bridge Holiday |
15 March | Tuesday | 1948-1949 Revolution Outbreak War of Independence |
28 March | Monday | Easter Monday |
1 May | Sunday | National Labour Day |
16 May | Monday | Whit Monday |
20 August | Saturday | Feast of St. Stephan, Founder of the State |
23 October | Sunday | 1956 Revolution Anniversary 1989 Republic of Hungary Proclamation |
31 October | Monday | Bridge Holiday |
1 November | Tuesday | All Saints' Day |
24 December | Saturday | Christmas Eve |
25 December | Sunday | Christmas |
26 December | Monday | Christmas |
Additionally, please note the following:
• | According to the Hungarian market practice, in case a holiday falls on Tuesday and Thursday, the preceding or respectively the following day is annouced as holiday as well. In such case, the preceding or respectively the following Saturday is announced as business day. In line with this: |
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- | 5 March, Saturday, will be an additional working day to make up for the bridge holiday on 14 March, Monday |
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- | 15 October, Saturday, will be an additional working day to make up for the bridge holiday on 31 October, Monday | |
• | The banks, the CSD and the Stock Exchange are closed on public holidays and bridge holidays |
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• | On the additional working days the banks and the CSD are open, however the Stock Exchange is closed | |
• | Easter Friday, 25 March 2016 as well as 31 December 2016 are regular working days in Hungary, however the Stock Exchange will be closed on these days |
Impact on investors: The Hungarian market will be closed on the public holidays listed above. The market will also work partially on the additional working Saturdays.