BUX Q1 Index Hits Almost 4-Year High

  • 1 Apr 2015 9:00 AM
BUX Q1 Index Hits Almost 4-Year High
The BUX index rose 18.4% in the first quarter to reach over 20,000 points, its highest level since the summer of 2011. OTP Bank saw its share prices increase the most. The stock rally gained speed after the government signed an agreement with EBRD and Erste Bank to gradually cut the bank tax, thus boosting profits at OTP.

The government’s current mooting of easing the telecom tax has also resulted in higheer share prices for Magyar Telekom.

Source: Hungary Around the Clock

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