Following the change of regime, the Budapest Stock Exchange (BÉT) reopened its doors on June 21, 1990 with 41 founding members and a single listed share, that of the travel agency IBUSZ.
The Hungarian stock exchange started operating on January 18, 1864 in Pest, at the headquarters of the Pest Lloyd Company on the bank of the River Danube. On May 25, 1948, the government dissolved the Budapest Commodity and Stock Exchange and took its property in the Szabadság Square building into state ownership.
In October 1989, a government decision was made to reopen the stock exchange. Simultaneously with the resolution's entry into force, the inaugural general meeting of the Budapest Stock Exchange was scheduled for June 21, as a result of which the Exchange reopened its doors on June 21, 1990.
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