WOOD Flash – Hungary macro: Tisza secures two-thirds majority in parliament
The general elections delivered a strong mandate to opposition party Tisza, which will, according to the current vote count, have a majority of 138 seats, out of 199, in the Hungarian parliament. The party has put forward an ambitious policy plan that will seek to diversify the country’s economic model, strengthen the credibility and predictability of the budget process, and boost investment in healthcare and education. With such a strong result, if the party is genuinely driven to improve the rule of law, it should be able to deliver meaningful steps forward, which will be necessary to increase the inflows of EU funds and enter the EUR adoption process it is seeking. This result increases the likelihood of the NBH resuming interest rate cuts in the near term.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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