The spring term of the ELITE Programme was opened in London at a trading opening ceremony in the end of April, and 7 Hungarian companies joined this time. Together with the newly joining companies, the ELITE International group has 24 Hungarian companies, an outstanding number, which participate in the business development programme including more than 1,100 companies from 42 countries and 36 sectors globally to share best practices and learn about local specificities. Similarly to the previously joining companies, newly joining ones also have various profiles; they represent, among others, agriculture and the food industry, information and communication technologies, industrial products and services, real-estate and construction industries.
By introducing the ELITE Programme, the Budapest Stock Exchange does not only provide current, up-to-date and practically oriented knowledge for the participating companies through international examples and approaches, but also prepares them for Hungarian specificities such as investor expectations, market environment, taxation or legal aspects, with supplementary Hungarian modules.
BSE offers eligible companies cost reimbursement from EU funds.
BSE—in cooperation with, among others, UniCredit Bank, Budapest Bank and CIB Bank—gave presentations for interested companies during the application period of the ELITE Programme.
There is a great deal of interest in the Programme; this autumn will see the launching of a new group for which BSE is already receiving applications. Companies interested in the Programme may read every information on the BSE website; those who have already decided to join the programme may submit their application to the firstname.lastname@example.org email address.
“Our key goal with the ELITE Programme is that as many Hungarian companies as possible can access international, high-quality training on management and financing and that we improve the competitive edge of these companies. The newly joining companies are fast-growing, innovative businesses which, in our opinion, will get to the next level of their development by completing the Programme”, said Mr. István Máté-Tóth, deputy CEO of the Budapest Stock Exchange.
The newly joining companies are:
About the ELITE Programme
The Programme was started in Italy; it now, however, has companies from outside Europe, including the United States, Mexico, Saudi Arabia and Kenya, as well. Hungarian companies have had the opportunity to join the community since 2017, thanks to the cooperation of the Budapest Stock Exchange and the subsidiary of the London Stock Exchange Group, ELITE SpA. Its aim is not only to familiarise participants with the forms of long-term capital financing but also to familiarise company managers with corporate management methods, deepen financial literacy, offer networking opportunities, increase company visibility and to increase brand value.
The two-year international training in English offers both online programmes and ones that require in-person attendance and is realised in the cooperation of business schools and industry players (universities, banks, investment providers, corporate finance and other consultants, auditors, law firms, etc.). In addition, enterprises can learn about the specificities of corporate management and financing in Hungary with supplementary modules in Hungarian, and they can also network. Applications are not personal, but the company itself participates in the Programme; the thematic modules, such as strategy making, business valuation, are attended by the relevant managers of the companies.