A new bill seeks to ensure that the state continues to own assets that are critical to its core functions and to sell cost-generating assets that are peripheral to its essential activities, the minister of economic development said on Wednesday.
The state must operate more competitively in the current wartime environment and amid the “flawed sanctions policy”, Marton Nagy said in a statement.
The current bill is aimed at strengthening the position of the state asset manager Magyar Nemzeti Vagyonkezelo and creating a unified, centralised system for the legal exercise of real estate ownership, the statement said.
Strategically important assets will be kept in the state portfolio, while other assets will be sold to boost the state’s revenues while reducing costs, it added.
Read alsoHere is a labour-related statistic in which Hungary ranks well
Source: MTI
please make a donation here
Hot news
Hungary calls for stronger nation-state sovereignty in the EU, rejects treaty changes for political power shift
All Saints’ Day and clock change: Changes to Budapest transport timetables
National Bank of Hungary: Maintaining banks’ strong capital position ‘pivotal
Top Hungary news: magnificent castles, new flights to Budapest Airport, 15th-century sword and change in bottle redemption system – 28 October, 2024
Orbán cabinet: Ill-advised policies jeopardising European Union’s existence
Drivers watch out! 26 fixed speed cameras to be installed in Budapest
1 Comment
“A new bill seeks to ensure that the state continues to own assets that are critical to its core functions”, like the ownership of Nemzeti Sport.
…”and to sell cost-generating assets…” that can be bought up for bellow-bargain base prices by relos and pals of Govenment members (we won’t mention any names).