Stock prices in Hungary and the country’s currency fell last week, haulting the strong performance it showed over the last few years.
Despite high turnover on the Budapest Stock Exchange, the Forint fell against the Euro, and at the close of business on October 14, 2005 EUR/HUF stood at about 253. The BUX closed at 21,051, a drop of 5.2%.
Market speculators expect the Hungarian market to weaken further.