We Have the Final Number: More than a Trillion Forints Worth of Assets Will Be Returned to the State
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The liquidation of 16 public-interest asset management foundations that do not carry out higher education activities has been completed, bringing public property worth at least HUF 1284 billion back under direct state control. Meanwhile, the government also announced that it had fulfilled its commitments related to the EU Recovery Fund, whose stake was nearly HUF 3650 billion of resources, writes the Portfolio.
The kekwas will disappear.
We are saying goodbye to the sixteen “public interest asset management foundations that do not carry out higher education activities”. This will bring at least 1,284 billion forints of public assets back under state control, after Fidesz took them out of there quite a few years ago. The liquidation of 16 public interest asset management foundations that do not carry out higher education activities will be completed on August 31. With the aboliti…
16 foundations will be closed: 1,284 billion forints of public assets will be returned to the state - Three quarters of the amount was managed by three foundations until now.
According to the government, this will remove an important obstacle to bringing EU funds home.
We Have the Final Number: More than a Trillion Forints Worth of Assets Will Be Returned to the State
The liquidation of 16 public interest asset management foundations (kekva) that do not carry out higher education activities will be completed by August 31, the government announced. According to the information, this will bring at least 1,284 billion forints of public assets with a book value back under direct state control.
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