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Securities Industry Hungary

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June 22, 1990 | CAROL J. WILLIAMS, TIMES STAFF WRITER
This East European nation took a major step along the capitalist road Thursday with a splashy reopening of the Budapest Stock Exchange, where the "big board" can display only five listings and where Hungarian buyers, who have no checkbooks, pay with satchels full of cash. The rebirth of Western-style trading after a 42-year shutdown was highlighted by listing of the state-owned Ibusz travel network, the first major Hungarian enterprise to begin privatization with a public share issue.
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BUSINESS
June 22, 1990 | CAROL J. WILLIAMS, TIMES STAFF WRITER
This East European nation took a major step along the capitalist road Thursday with a splashy reopening of the Budapest Stock Exchange, where the "big board" can display only five listings and where Hungarian buyers, who have no checkbooks, pay with satchels full of cash. The rebirth of Western-style trading after a 42-year shutdown was highlighted by listing of the state-owned Ibusz travel network, the first major Hungarian enterprise to begin privatization with a public share issue.
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