This year, nearly 3,000 billion forints in principal and interest payments will burden the Hungarian State Treasury, with 1,800 billion forints allocated to premium government bonds, most of which are due in the first quarter of the year. The interest rate on one of the most popular Hungarian government bonds, the PMÁP, will drop significantly, raising the critical question of what will happen to the nearly 6,500 billion forint portfolio.
The expected outflow from the government bond market, where savings might find their place, and what is worth investing in during 2025 will be discussed with government bond and capital market experts.
13:30 - 13:35
13:35 - 14:05
Macroeconomic and Capital Market Updates, Investment Environment in 2025
Speakers:
14:05 - 14:35
Macroeconomic Roundtable – The World Around Us: What Should Investors Pay Attention To?
Moderator: István Madár, Senior Analyst, Portfolio
Conversation participants:
14:35 - 15:05
The Big Transformation of the Government Bond Market – Where Could Investments Flow?
Moderator: Ágnes Árgyelán, Analyst, Portfolio
Conversation participants:
15:05 - 15:35
How Are Investment Service Providers Preparing for the PMÁP Exodus?
Moderator: Noémi Pallos, Director, Blackrock
Conversation participants:
15:35 - 16:05
The Government Bond Billions Are Coming – A Challenge or Opportunity for Private Banks?
Moderator: Áron Vidovszky,
Conversation participants:
Donald Trump will begin his next presidential term this year, and not entirely independently of this, significant changes may occur in the course of the Ukraine war. These events will influence investments through various channels (tariffs, globalisation, inflation, economic growth, investor risk appetite, etc.). We will discuss the potential of domestic stocks, residential real estate, artworks, and cryptocurrencies with our experts to determine whether it is worth investing in an apartment, contemporary paintings, or Dogecoin at this time.
16:35 - 16:50
Following Government Bond Market Shifts – Opportunities on the Hungarian Stock Exchange
Speaker: Richárd Végh, CEO, Budapest Stock Exchange
16:50 - 17:20
What Do Strategists and Analysts Recommend Investing in for 2025?
Moderator: Viktor Nagy, Senior Analyst, Portfolio
Conversation participants:
17:20 - 17:30
Real Estate Investment Shares on the Domestic Market
Speaker: Bálint Botos, Managing Partner, Forestay RE Fund Management
17:30 - 17:40
Residential Real Estate Market Trends
Speaker: Gábor Soóki-Tóth, Head of CEE Residential Working Group, RICS
17:40 - 18:10
Is It Still/Again Worth Investing in Domestic Residential Real Estate?
Moderator: Dorottya Pápai, Director of Business Development, RE/MAX Magyarország
Conversation participants:
18:10 - 18:40
Where Do Artworks Fit in Investors’ Portfolios?
Moderator: Viktor Nagy, Senior Analyst, Portfolio
Conversation participants:
18:40 - 19:10
Should We Hold Cryptocurrencies in Our Portfolio? And if So, How Much?
Moderator: Kristóf Mohos, Analyst, Portfolio
Conversation participants:
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