Sales rose sharply in the last months of the year from 132 at the end of October, the paper said. Napi Gazdaság calculated that the sales had generated revenue of 107.5 million euros for the state.

Legislation approved by Parliament late in 2012 allows foreign nationals who invest at least 250,000 euros in securities issued by an agent mandated by parliament’s economic and IT committee to avail of an accelerated application procedure for permanent residency in Hungary.

The agent in turn buys special permanent residency bonds - five-year nontradeable government bonds - from ÁKK.

Source www.hungarymatters.hu

Follow that link to sign-up for MTI’s twice-daily newsletter.