{"id":42490,"date":"2026-03-27T16:12:07","date_gmt":"2026-03-27T16:12:07","guid":{"rendered":"https:\/\/www.europesays.com\/hu\/42490\/"},"modified":"2026-03-27T16:12:07","modified_gmt":"2026-03-27T16:12:07","slug":"index-gazdasag-szabadesesben-a-4ig-a-piaci-panik-vagy-a-politikai-bizonytalansag-uti-a-reszvenyt","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/hu\/42490\/","title":{"rendered":"Index – Gazdas\u00e1g – Szabades\u00e9sben a 4iG: a piaci p\u00e1nik vagy a politikai bizonytalans\u00e1g \u00fcti a r\u00e9szv\u00e9nyt?"},"content":{"rendered":"

P\u00e9ntek reggel tov\u00e1bb folytat\u00f3dott a 4iG r\u00e9szv\u00e9nyeinek m\u00e9lyrep\u00fcl\u00e9se a Budapesti \u00c9rt\u00e9kt\u0151zsd\u00e9n. Az \u00e1rfolyam t\u00f6bb mint 10 sz\u00e1zal\u00e9kot zuhant<\/a> az \u00e1tlagosn\u00e1l l\u00e9nyegesen magasabb forgalom mellett. A mozg\u00e1s dr\u00e1mais\u00e1g\u00e1t jelzi, hogy a tavaly novemberi cs\u00facshoz k\u00e9pest a pap\u00edr \u00e9rt\u00e9ke mostanra lefelez\u0151d\u00f6tt\u00a0\u2212 \u00edrja a Portfolio<\/a>.<\/p>\n

A befektet\u0151i bizalom meging\u00e1sa m\u00f6g\u00f6tt t\u00f6bb t\u00e9nyez\u0151 egy\u00fcttes hat\u00e1sa \u00e1ll: a magyar SAFE-programmal kapcsolatos kedvez\u0151tlen uni\u00f3s d\u00f6nt\u00e9s, a k\u00f6zelg\u0151 v\u00e1laszt\u00e1sok el\u0151tti politikai bizonytalans\u00e1g, valamint egy frissen napvil\u00e1got l\u00e1tott k\u00f6zv\u00e9lem\u00e9ny-kutat\u00e1s eredm\u00e9nyei.<\/p>\n

A Portfoli\u00f3nak adott vill\u00e1minterj\u00faban J\u00e1szai Gell\u00e9rt, a 4iG eln\u00f6ke hangs\u00falyozta, hogy a jelenlegi \u00e1rfolyammozg\u00e1sok csup\u00e1n r\u00f6vid t\u00e1v\u00fa piaci reakci\u00f3k, amelyek nincsenek \u00f6sszhangban a v\u00e1llalat t\u00e9nyleges teljes\u00edtm\u00e9ny\u00e9vel.<\/p>\n

A 4iG ma m\u00e1r egy t\u00f6bb szegmensben m\u0171k\u00f6d\u0151, er\u0151s nemzetk\u00f6zi jelenl\u00e9ttel rendelkez\u0151 v\u00e1llalat, \u00edgy a befektet\u0151i aggodalmak sz\u00f6ges ellent\u00e9tben \u00e1llnak a v\u00e1llalat fundamentumaival<\/p>\n

\u2212\u00a0fogalmazott az eln\u00f6k.<\/p>\n

Brut\u00e1lis megrendel\u00e9s\u00e1llom\u00e1ny az \u0171r- \u00e9s v\u00e9delmi iparban<\/p>\n

A piaci pesszimizmus ellens\u00falyoz\u00e1s\u00e1ra a v\u00e1llalat friss adatokat k\u00f6z\u00f6lt a legdinamikusabb \u00fczlet\u00e1g\u00e1r\u00f3l. J\u00e1szai elmond\u00e1sa szerint az \u0171r- \u00e9s v\u00e9delmi ipari \u00fczlet\u00e1g megrendel\u00e9s\u00e1llom\u00e1nya (backlog)\u00a0\u2212 a NATO-tag\u00e1llamokkal k\u00f6t\u00f6tt exportprogramokat is bele\u00e9rtve\u00a0\u2212 meghaladja a nett\u00f3 3,5 milli\u00e1rd eur\u00f3t. Ez \u00f3ri\u00e1si ugr\u00e1s a kor\u00e1bban kommunik\u00e1lt 1,37 milli\u00e1rd eur\u00f3hoz k\u00e9pest. Ezenfel\u00fcl a m\u00e1r megk\u00f6t\u00f6tt keretszerz\u0151d\u00e9sek \u00f6ssz\u00e9rt\u00e9ke a 4,5 milli\u00e1rd eur\u00f3t is t\u00fall\u00e9pi.<\/p>\n

Sok elemz\u0151 szerint a zuhan\u00e1st a SAFE-programmal<\/a> (\u00e1llami energiahat\u00e9konys\u00e1gi \u00e9s fejleszt\u00e9si forr\u00e1sok) kapcsolatos negat\u00edv EU-s h\u00edrek gyors\u00edtott\u00e1k be. J\u00e1szai Gell\u00e9rt azonban igyekezett h\u0171teni a ked\u00e9lyeket:<\/p>\n

A SAFE csup\u00e1n egy olcs\u00f3 finansz\u00edroz\u00e1si lehet\u0151s\u00e9g az \u00e1llam sz\u00e1m\u00e1ra, amely nem befoly\u00e1solja a m\u00e1r meghat\u00e1rozott v\u00e9delmi \u00e9s iparfejleszt\u00e9si programok tartalm\u00e1t vagy megval\u00f3s\u00edt\u00e1s\u00e1t.<\/p>\n

Az eln\u00f6k eml\u00e9keztetett, hogy Magyarorsz\u00e1gnak NATO-v\u00e1llal\u00e1sai miatt 2035-ig k\u00f6telez\u0151 p\u00e1ly\u00e1n kell mozognia: a honv\u00e9delmi kiad\u00e1sokat a GDP 5 sz\u00e1zal\u00e9k\u00e1ra kell emelnie. Ez a SAFE-t\u0151l f\u00fcggetlen\u00fcl is biztos\u00edtja a keresletet a technol\u00f3giai \u00e9s v\u00e9delmi szektorban.<\/p>\n

A k\u00f6zelg\u0151 v\u00e1laszt\u00e1sok kapcs\u00e1n az eln\u00f6k kiemelte, hogy a 4iG m\u0171k\u00f6d\u00e9se nemzetk\u00f6zi trendekre \u00e9s partners\u00e9gekre \u00e9p\u00fcl, \u00edgy egy-egy orsz\u00e1g v\u00e1laszt\u00e1si ciklusa nem \u00edrja fel\u00fcl a glob\u00e1lis biztons\u00e1gpolitikai ig\u00e9nyeket. S\u0151t, a k\u00f6zelj\u00f6v\u0151ben \u00fajabb jelent\u0151s r\u00e9gi\u00f3s \u00e9s transzatlanti egy\u00fcttm\u0171k\u00f6d\u00e9sek bejelent\u00e9s\u00e9t tervezik.<\/p>\n

\n (Bor\u00edt\u00f3k\u00e9p:\u00a0Szab\u00f3 R\u00e9ka \/ Index)\n <\/p>\n

\"Index.hu<\/p>\n

K\u00f6vesse az Indexet Facebookon is!<\/p>\n

<\/p>\n

K\u00f6vetem!
\n <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"P\u00e9ntek reggel tov\u00e1bb folytat\u00f3dott a 4iG r\u00e9szv\u00e9nyeinek m\u00e9lyrep\u00fcl\u00e9se a Budapesti \u00c9rt\u00e9kt\u0151zsd\u00e9n. Az \u00e1rfolyam t\u00f6bb mint 10 sz\u00e1zal\u00e9kot zuhant…\n","protected":false},"author":2,"featured_media":42491,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[6037,3397,152,63,44,42,40,43,41,18374,99,7670,9189,9204],"class_list":{"0":"post-42490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-magyarorszag","8":"tag-4ig","9":"tag-arfolyam","10":"tag-ce-napi","11":"tag-gazdasag","12":"tag-hu","13":"tag-hungarian","14":"tag-hungary","15":"tag-magyar","16":"tag-magyarorszag","17":"tag-piaci-elemzes","18":"tag-politika","19":"tag-reszveny","20":"tag-reszvenypiac","21":"tag-zuhanas"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@hu\/116302023501183544","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/42490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/comments?post=42490"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/42490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media\/42491"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media?parent=42490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/categories?post=42490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/tags?post=42490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}