A development fund was established to support Hungarian small- and medium- sized enterprises in their aspirations to be admitted to trading on BSE
The Hungarian Government has announced the establishment of a so-called National Stock Exchange Development Fund with the aim of encouraging local small- and medium- sized enterprises to be admitted to trading on Budapest Stock Exchange, thereby obtaining capital from market resources. The initiative is timely, taking into consideration that EU funding is expected to significantly decrease starting from 2020.
The development of Budapest Stock Exchange and with it the capital market plays an important role in contributing to the country's economic growth and so will switching the capital sources of these enterprises from EU to market based ones.
The launch of the National Stock Exchange Development Fund has been strongly welcomed by Budapest Stock Exchange, bringing it fully in line with its strategy and comprehensive programme adopted at the beginning of 2016. One of the main objectives of BSE is to encourage SMEs, as well as larger companies, to be admitted to trading on the stock exchange. To this end, BSE has expanded the range of its training and consultancy services to identify and prepare companies that are ready to be listed on the stock exchange.
Senior Relationship Manager