| Hungary - In my view Hungary isn't best pick for long | | | | And how to invest in Hungary? In EUWAX, I have |
| for year 2007. Politic situation doesn't support growth | | | | two favourite open-end index certifikates. |
| as government debt is 10% of GDP, CPI is 9%. | | | | 1. ISIN CH0021606022 from UBS for index BUX |
| Hungarian stocks index BUX gained 9% in last 12 | | | | (included dividend payments which are btw 13%!). |
| months which is even less than EURO STOXX 50 | | | | 2. ISIN AT0000454194 from Raiffeisen Centrobank |
| (15%). On the other side due to those politics | | | | for index HTX (w/o dividends). |
| instabilities BUX P/E ratio is 12.6 which is the lowest | | | | Romania - Romania as a EU newcomers is a emerging |
| eastern european. Your investment to hungarian | | | | country with high potential. Main index BET is |
| financial instruments could support also currency | | | | composed mainly of financial and mining. it is around |
| appreciation as central bank is probably going to do | | | | 60% of market cap. Traded blue chips are Petrom, |
| intervention in favour of hungarian Forint. | | | | BRD, Banca Transilvania, C.N.T.E.E. Transelectrica. As in |
| Basis of BUX:bank OTP 35.8% of BUX, gas company | | | | other transition economies local romanian companies |
| MOL with 28.3%, telco Magyuar Telecom 13.7% and | | | | are targets for acquisitions. In bank's sector BRD |
| pharmaceutical Gedeon Richter with 14.5%. | | | | acquired by Societe Generale, Banca Transilvania by |
| All together those 4 blue chips represent 92% of | | | | austrian Erste Bank. |
| BUX! | | | | |