POLITICS & POLICY

Hungary – Budapest Stock Exchange: Incentives

The Hungarian government is incentivizing SMEs to enter and listing shares on the Budapest Stock Exchange. State Secretary Agnes Hornung believes that such a move could improve the Hungarian economy. Indeed, new trading platforms will help satisfy firms’ financial needs. Available EU funds are expected to drop after 2020, therefore receiving financial support might be more complicated for Hungarian SMEs in the years to come.

Source: Bbj, 27/05/2016

France – Labour reforms: Strikes

Despite the numerous strikes that have blocked the country, French President Francois Hollande has stated that the government will continue with its labour reforms. In the meantime, French unions have asked workers to intensify industrial actions to protest against the new law. According to union representatives, the government’s “stubbornness” in not revoking the proposed law is only fueling their determination in opposing the legislation. Several organisations, including the IMF, maintain that the labour reform is necessary to create new jobs.

Source: Rfi, 27/05/2016


THE STATEMENT

“I will stay the course because this is a good reform and we must go all the way to adoption … This is not the time to put the French economy in difficulty.”

Francois Holland, French President

Source: Reuters, 27/05/2016


NUMBERS

£32,000

The amount of money that Brexit would cost to pensioners.

Source: The Guardian, 26/05/2016

BGN 1.2bn

The amount of state aid that Bulgaria’s First Investment Bank has just repaid.

Source: Novinite, 26/05/2016


Photo Credits CC: François Hollande



 
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