CEE MARKETS-Hungary’s Richter falls on windfall tax on drug producers

By Anita Komuves BUDAPEST, Dec 27 (Reuters) – Hungary’s currency fell on Tuesday, the region’s weakest as shares in pharmaceutical company Richter fell after the government imposed an unexpected tax on drug producers late Friday while trying to plug holes in the state. budget. Budapest’s blue-chip index was 0.94% lower, while Richter shares were down 4.15% by 0903 GMT. The tax will be imposed on income from 2022 and 2023 and the country’s largest pharmaceutical company Richter is expected to be the most affected by the new tax. The company said on Tuesday that it expects additional taxes paid by the company for the year 2022 to be about 28 billion forints ($74.42 million). The Hungarian Forint was 0.32% lower at 401.00 per euro in thin holiday trading, but is still trading in its recent range between 400 and 405. level, but there is a short-term trend against 405, “wrote the brokerage Equilor. The currency, the worst performing central Europe in 2022 as it fell close to 8%, regained some of its losses when after Hungary reached a monetary agreement with the European Union on December 12. On Tuesday, the overall Czech economy grew in December after increasing the previous month. “Consumers in in the country is greatly affected by the increase in the cost of living and the decline in wages, which has a negative effect on trade, but also shows uncertainty in services,” the report which Radomir Jac, Generali Investments CEE is the main economy. . The Polish zloty fell 0.19% to 4.6540 to the euro while the Romanian leu weakened lost 0.07% to 4.9075 per euro. CEE SNAPSH AT MARKET OT 1002 S CET CURREN CIES Latest Previo Daily Change our offer closes member in 2022 EURCZK Czech 0 0 % % EURHUF Hungary 00 00 EURPLN Poland EURRON Romania % EURHRK Croatia % EURRSD Serbian 00 00 % % Note: CET change Latest Previo Daily Change we close close in 2022 .PX Prague 1205.7 1198.4 +0.00 2 000 % .BUX Budapes 44583. 45007. -0.94% -12.10 t 33 80 % .WIG2.8 . > 9 7 % % .BETI Buchare <.BETI 12154. 12147. +0.06 -6.94% st > 95 12 % .SBITO Ljublja <.SBIT 1069.6 1067.4 +0.21 14.80 P na 8. B . CRBE 1965.9 1964.7 +0.06 -5.46% X> 1 3 % .BELEX Belgrad <.BELE 808.33 809.51 -0.15% -1.52% 15 e X15> .SOFIX SOFA <.SOFI 602.95 + 602.95% SOFIX SOFA . Date (bid) change vs change Bund in Czech published Republi c CZ2YT= 0 ps CZ5YT= ps CZ10YT 0 ps Poland PL2YT= 0 ps PL5YT= ps PL10YT ps FORWAR D 3x6 6x9 9x12 3M interb ank for Hungary FRA. price increase s ***************************************** ********** ************** ($1 = 376.2500 forints) (Additional reporting by Robert Muller in Prague and Pawel Florkiewicz in Warsaw, Editing by Louise Heavens)

Also Read :  Meet the St. Pete Girl Bosses, where women support each other’s businesses


Leave a Reply

Your email address will not be published.

Related Articles

Back to top button