{"id":14056,"date":"2026-04-20T07:41:19","date_gmt":"2026-04-20T07:41:19","guid":{"rendered":"https:\/\/eaststock.de\/kolumne\/ungarn-jubelt-nach-der-wahl-also-paprika-ins-depot\/"},"modified":"2026-04-20T07:43:28","modified_gmt":"2026-04-20T07:43:28","slug":"ungarn-jubelt-nach-der-wahl-also-paprika-ins-depot","status":"publish","type":"kolumne","link":"https:\/\/eaststock.de\/en\/column\/ungarn-jubelt-nach-der-wahl-also-paprika-ins-depot\/","title":{"rendered":"Ungarn jubelt nach der Wahl: also Paprika ins Depot!"},"content":{"rendered":"<ul>\n<li><strong>Eastern European stocks are booming &#8211;<\/strong><\/li>\n<\/ul>\n<p><strong>+++Trump believes in a quick end to the war and overestimates himself+++Will the Iran war become a Vietnam 2 for the USA?+++Strait of Hormuz closed again+++EU countries want to help with the Strait of Hormuz+++Oil price collapses+++Change of power in Hungary +++Budapest Stock Exchange booming:+32%+++Bucharest Stock Exchange +20%++Warsaw Stock Exchange +17% +++Kazakhstan: KTX Index +25%+++Bitcoin recovers++ Wall Street and DAX back in positive territory despite the Iran war+++AI stocks like Nvidia in demand again+++Are new all-time highs coming or another market crash?+++<\/strong><\/p>\n<p><strong>Trump believes in a quick end to the war in Iran, which encouraged investors to make strong purchases on April 17. The Strait of Hormuz was temporarily open, but then closed again. However, Wall Street also seems to believe in a quick end to the war, as prices on Wall Street are already back at pre-war levels. The DAX also rose by 2.2% on Friday to 24,702 index points and is now also back in positive territory with +0.66%. The recovery was once again V-shaped. The oil price fell by 7% on Friday to 90 USD\/barrel. For the stock market, the Iran war seems to be already priced in. New all-time highs now seem possible again. However, if the Iran war continues for a long time, a major energy crisis is looming.<\/strong><\/p>\n<p><strong>However, the price increase on the Budapest Stock Exchange was even stronger last week. Hungary experienced a change of power on April 11, which had already been widely expected. Viktor Orban had previously been in power for 16 years with his Fidesz party. Now the wind will change within one month, as opposition leader Peter Magyar from the Tisza party has secured a two-thirds majority. He will soon receive previously blocked EU funds, but will also release the \u20ac90 billion loan to Ukraine.<\/strong><\/p>\n<p><strong>Investors on the stock market reacted just as enthusiastically as the supporters of Peter Magyar, namely with leaps of joy. On April 12, the HTX Index rose by 5% and is now already up 32% since the beginning of the year. This makes the Budapest Stock Exchange one of the top performers among global stock markets. Other Eastern European markets such as the Bucharest Stock Exchange (+19%) and the Warsaw Stock Exchange (+17%) have also performed much better than the DAX, which, despite recovering by over 2% on April 17, is only up 0.7% year-to-date. The CECE Index, including Hungary, Poland, and the Czech Republic, has already risen by 15% since the beginning of the year to a new all-time high. The KTX Local Index from Kazakhstan is also convincing with a 25% increase since the beginning of the year. Despite this clear outperformance, Eastern European stock markets are still largely neglected in Western media.<\/strong><\/p>\n<p><strong>Andreas M\u00e4nnicke shares his assessment in his stock market newsletter East Stock Trends (<a href=\"http:\/\/www.eaststock.de\">www.eaststock.de<\/a>) and also in his new EastStockTV video. Episode 268 on YouTube.<\/strong><\/p>\n<p><strong>Trump creates a positive mood on the stock market \u2013 but for how long?<\/strong><\/p>\n<p>Trump believes in a quick end to the war in Iran, which encouraged investors to make strong purchases on April 17. The Strait of Hormuz was temporarily open, but then closed again. Wall Street also appears to believe in a quick end to the war, as prices are already back at pre-war levels. The DAX rose by 2.2% on Friday to 24,702 index points and is now up 0.66%. The recovery was once again V-shaped. The oil price fell by 7% to 90 USD\/barrel (low: 86 USD). The NASDAQ Comp. Index rose by 1.3% on Friday and is up 5.3% year-to-date. The Nikkei 225 even rose by 12% year-to-date, although Japan is heavily dependent on cheap oil. For the stock market, the Iran war seems to be already priced in. New all-time highs now seem possible again. However, if Iran does not comply with Trump&#8217;s demands, the war could continue for a long time and oil prices could rise again.<\/p>\n<p>The Strait of Hormuz was briefly reopened but then blocked again because the USA blocked Iranian ports and engaged in acts of piracy. China would be the main party affected, as it depends on oil from Iran and Russia. European countries are now also examining whether they can help secure and reopen the Strait of Hormuz, although this would also be risky. Iran is also not willing to hand over uranium to the USA. Iran threatens devastating strikes against its opponent and further attacks on oil facilities in the Middle East. The ceasefire is very fragile. It is only valid until Tuesday, and it is questionable whether it will be extended. The war could therefore escalate again at any time, significantly burdening the global economy. For the USA, the Iran war could turn into a second Vietnam. China is increasingly getting involved in the Iran war and supports Iran with modern weapons. Turkey threatens an attack on Israel if Israel continues bombing Lebanon and Iran.<\/p>\n<p><strong>Change of power in Hungary after 16 years of Orban rule<\/strong><\/p>\n<p>On April 11, Hungary experienced a change of power that can be described as \u201chistoric.\u201d Opposition leader Peter Magyar managed to secure a two-thirds majority with his Tisza party, replacing Viktor Orban after 16 years in power. However, the transition will only be fully completed in one month. Magyar is considered pro-European and will therefore quickly receive previously blocked EU funds, as well as approve the \u20ac90 billion loan to Ukraine that had been blocked by Orban\u2019s veto. He plans to quickly implement reforms and restore the rule of law. However, he also maintains many agreements with Russia, such as the construction of a nuclear power plant and oil and gas supply contracts. Orban previously blamed Zelenskyy for the disruption of oil supplies to Hungary via damaged pipelines in Ukraine. Relations with Ukraine and the EU are now expected to improve. Whether Magyar will govern better than Orban remains to be seen. China had previously been a major investor with battery factories, which Magyar no longer wants. Magyar was primarily elected by young voters who expect improvements. The celebrations in the streets were indescribable.<\/p>\n<p><strong>Champagne corks popping on the Budapest Stock Exchange: +32%!<\/strong><\/p>\n<p>Champagne corks were also popping on the Budapest Stock Exchange, as prices rose by 5% on the first trading day after the election, even though US negotiations with Iran failed over the weekend and the Strait of Hormuz remained closed. The <strong>HTX Index<\/strong>, a synthetic index created by the Vienna Stock Exchange for Hungarian stocks, has already risen by <strong>32%<\/strong> since the beginning of the year. This makes the Budapest Stock Exchange one of the best-performing markets in the world this year. Over the past three years, the HTX Index has increased by more than 200%, clearly outperforming the DAX, which gained \u201conly\u201d 45% over the same period. Even the S&amp;P Index, which is already back in positive territory despite the Iran war, achieved only a 69% increase over three years. The CECE Index, including Hungary, Poland, and the Czech Republic, has risen by 13% this year and 138% over three years, also far outperforming the DAX and the S&amp;P Index. Despite this clear outperformance and excellent investment opportunities, Eastern European stock markets receive little attention in Western media, which is hard to understand.<\/p>\n<p>Admittedly, Eastern European stock markets are small and relatively illiquid niche markets. On the Budapest Stock Exchange, a handful of stocks dominate the index, such as the telecom stock <strong>Magyar Telekom<\/strong>, in which Deutsche Telekom AG holds a majority stake, as well as <strong>OTP Bank<\/strong>, the oil company <strong>MOL<\/strong>, and the pharmaceutical company <strong>Richter Gedeon<\/strong>. A similar situation exists on the Prague Stock Exchange, where the utility <strong>CEZ<\/strong> has significant weight, along with banks and telecom stocks.<\/p>\n<p><strong>Warsaw Stock Exchange liquid and with a wide selection<\/strong><\/p>\n<p>However, the Warsaw Stock Exchange offers a much broader selection, including many small and mid-cap companies through the New Connect market segment, where many high-growth companies are listed. Otherwise, the market is heavily dominated by three major banks and telecom stocks. The Warsaw Stock Exchange also lists some agricultural stocks from Ukraine. The market has developed very positively in recent years and is now comparable to the Vienna Stock Exchange, which is also partly an \u201cEastern European exchange,\u201d as many Austrian companies operate in Eastern Europe. The <strong>PTX Index<\/strong> for Polish stocks has already risen by <strong>17%<\/strong> this year.<\/p>\n<p><strong>K2G Holding with potential<\/strong><\/p>\n<p>The <strong>ATX Index<\/strong> of the Vienna Stock Exchange has also risen by <strong>10%<\/strong> since the beginning of the year. An interesting stock on the Vienna Stock Exchange is the Swiss company <strong>K2G Holding AG<\/strong> (WKN A40BDJ, price \u20ac3.52, market cap \u20ac38.3 million), which uses AI to analyze large datasets in order to determine optimal pricing and risk premiums for insurance. Complex data is transformed into clear decisions. The company is also active in the Baltic region and aims to become profitable as early as next year.<\/p>\n<p><strong>Bucharest Stock Exchange booming: +20%<\/strong><\/p>\n<p>Stocks from the Baltic and Balkan regions have also shown strong and stable growth. Since March last year, five energy-heavy companies such as <strong>Romgaz<\/strong>, <strong>Transgaz<\/strong>, and <strong>OMV Petrom<\/strong> have been tradable on the Frankfurt Stock Exchange in the open market segment. The <strong>ROTX Index<\/strong> for Romanian stocks has already risen by <strong>20%<\/strong> this year. CIS countries such as <strong>Georgia<\/strong> and Kazakhstan have also shown strong GDP growth rates of 5\u20137% for years. Notable stocks in Georgia include <strong>Bank of Georgia<\/strong> (Lion Finance Group) and <strong>Georgia Capital<\/strong>, which are also listed on Western exchanges and reached new all-time highs until February 2026.<\/p>\n<p><strong>Stocks from Kazakhstan as a good alternative to non-tradable Russian stocks<\/strong><\/p>\n<p>A good alternative to Russian stocks, which are still not tradable due to mutual sanctions, are stocks from Kazakhstan. The <strong>KTX Index<\/strong> has already risen by <strong>24%<\/strong> this year, driven by the heavily weighted oil stock <strong>KazMunaiGaz<\/strong>. Other popular stocks include <strong>Halyk Bank<\/strong> and uranium producer <strong>Kazatomprom<\/strong>. Through brokers like Freedom Broker, which also has an office in Berlin, investors can directly purchase Kazakh stocks in local currency.<\/p>\n<p>Some Russian companies such as the gold and silver producer Polymetal, now <strong>Solidcore Resources<\/strong>, have moved to the Almaty Exchange after selling their Russian assets. The share price of Solidcore Resources has already tripled since the move. Another success story is the former Russian search engine Yandex, now called <strong>Nebius<\/strong>, which has made a name for itself in AI and secured major contracts with Microsoft and Nvidia. If the Ukraine war ends, new investment opportunities in Ukraine and Russia may arise again.<\/p>\n<p>The <strong>CECE Index<\/strong> for Hungary, Poland, and the Czech Republic has risen by <strong>15%<\/strong> this year, while the <strong>SETX Index<\/strong> for Balkan and Southeastern European stocks has increased by <strong>17%<\/strong>. The outperformance compared to the DAX and S&amp;P Index is due to above-average GDP growth, relatively low debt levels, attractive valuations, and high dividend yields. It is therefore still worthwhile to look beyond Western markets to Eastern Europe. My motto remains: Go east.<\/p>\n<p><strong>Bitcoin rally creates new investment opportunities: Nakiki bond (WKN A460N4, Frankfurt Stock Exchange)<\/strong><\/p>\n<p>After the price correction in gold, silver, and Bitcoin, corporate bonds with high yields are coming back into focus. Bitcoin has risen above $75,000 and has been recovering since March after a bear market correction of over 40%. In these volatile times, it may be wise to park some capital in high-yield bonds. One such opportunity is the new <strong>Treasury Bitcoin bond<\/strong> (WKN: <strong>A460N4<\/strong>, price 98, yield <strong>13%<\/strong>) from NAKIKI SE, offering a coupon of <strong>9.875%<\/strong> with a 5-year term and semiannual payouts.<\/p>\n<p><strong>First inform, then invest<\/strong><\/p>\n<p>Find out more about the Ukraine\/Russia crisis and the recovery potential of undervalued Eastern European stocks. Opportunities also exist in the Baltic states, Southeastern Europe, and CIS countries. Even in <strong>2025<\/strong>, nine Eastern European exchanges outperformed, and this year already eight have done so again. <strong>It is still worth looking beyond the horizon to Eastern Europe.<\/strong><\/p>\n<p>Subscribe now to a trial subscription (3 issues for \u20ac15) of the monthly newsletter <strong>EAST STOCK TRENDS (EST)<\/strong> at <a href=\"http:\/\/www.eaststock.de\">www.eaststock.de<\/a>.<\/p>\n<p><strong>TV\/Radio notes<\/strong>: Andreas M\u00e4nnicke was interviewed by <strong>Michael Mross<\/strong> and others about Eastern European stocks. All interviews are available at <a href=\"http:\/\/www.eaststock.de\">www.eaststock.de<\/a>.<\/p>\n<p><strong>Seminar note:<\/strong> If you are interested in \u201cGo East\u201d seminars or BRICS webinars, please register at <a href=\"http:\/\/www.eaststock.de\">www.eaststock.de<\/a>.<\/p>\n<p><strong>Also subscribe to the free newsletter by Andreas M\u00e4nnicke at <a href=\"http:\/\/www.eaststock.de\">www.eaststock.de<\/a> or via email at <a href=\"mailto:info@eaststock.de\">info@eaststock.de<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump believes in a quick end to the war in Iran, which encouraged investors to make strong purchases on April 17. The Strait of Hormuz was temporarily open, but then closed again. However, Wall Street also seems to believe in a quick end to the war, as prices on Wall Street are already back at pre-war levels. The DAX also rose by 2.2% on Friday to 24,702 index points and is now also back in positive territory with +0.66%. The recovery was once again V-shaped. The oil price fell by 7% on Friday to 90 USD\/barrel. For the stock market, the Iran war seems to be already priced in. New all-time highs now seem possible again. However, if the Iran war continues for a long time, a major energy crisis is looming.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-14056","kolumne","type-kolumne","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ungarn jubelt nach der Wahl: also Paprika ins Depot! - ESI East Stock Informationsdienste GmbH<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ungarn jubelt nach der Wahl: also Paprika ins Depot! - ESI East Stock Informationsdienste GmbH\" \/>\n<meta property=\"og:description\" content=\"Trump believes in a quick end to the war in Iran, which encouraged investors to make strong purchases on April 17. The Strait of Hormuz was temporarily open, but then closed again. However, Wall Street also seems to believe in a quick end to the war, as prices on Wall Street are already back at pre-war levels. The DAX also rose by 2.2% on Friday to 24,702 index points and is now also back in positive territory with +0.66%. The recovery was once again V-shaped. The oil price fell by 7% on Friday to 90 USD\/barrel. For the stock market, the Iran war seems to be already priced in. New all-time highs now seem possible again. 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The Strait of Hormuz was temporarily open, but then closed again. However, Wall Street also seems to believe in a quick end to the war, as prices on Wall Street are already back at pre-war levels. The DAX also rose by 2.2% on Friday to 24,702 index points and is now also back in positive territory with +0.66%. The recovery was once again V-shaped. The oil price fell by 7% on Friday to 90 USD\/barrel. For the stock market, the Iran war seems to be already priced in. New all-time highs now seem possible again. 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