The chairman of the Budapest Stock Exchange (BÉT), György Jaksity, is to be dismissed by the Austrian HVB Bank-led majority owners of the bourse tomorrow, unnamed sources claimed.

Last week, HVB Bank called upon the resignation of Jaksity and the BÉT's board of directors, and during tomorrow's EGM, the Austrian consortium, which controls 68% of the bourse, is likely to implement its resolutions.

The EGM will also decide on the BÉT's merger with the Budapest Commodity Exchange Rt (BÁT), which is also majority owned by the HVB Bank-led consortium.

(BBJ 28.vi.04)