OeKG

Hungary renationalizes stock exchange

Hungary's Central Bank (MNB) said on Nov. 24 that it has bought back a majority stake in the country's stock exchange in an effort to boost weak trading volumes after years of sharp decline.

The MNB bought a stake of 68.8 percent from two Austrian firms, CESEEG and OeKG, for 13.2 billion forints (42.5 million euros, $45.1 million), raising its overall holding to 75.8 percent.