Thursday, September 11, 2014
In 1938, Hungary issued a semi-postal souvenir sheet honoring the Eucharistic Congress, which was held that year in Budapest (Scott #B94). 100,000 were issued, and Scott '14 prices the unused souvenir sheet at $50.00.
The souvenir sheet has obvious appeal as a Religion/Christianity topical, and should also profit from Hungary's future economic growth.
While recent economic reversals in Europe have hurt the stamp market there, I feel that for most of the countries, the situation is unpleasant but short-term. In the meantime, there are opportunities to pick up bargains, and scarce items with topical appeal are worth considering.
After a difficult transition from a centrally-controlled economy to capitalism, Hungary has experienced moderate economic growth until it was impacted by the 2008-09 financial crisis. As a result of the global financial mess, GDP growth has been almost flat over the past five years. As the newest member of the European Union, this nation of 10 million receives nearly a third of all direct investment flowing into Eastern Europe. Agriculture, metallurgy and mining, and tourism are major components of the economy.