The 10% stakes in oil and gas company MOL and drugmaker Richter have an estimated market value of some HUF 380 billion, said Minister for Innovation and Technology László Palkovics. Dividends paid on the shares can support the achievement of the universityʼs goals, he added.
The government decided to place the universityʼs real estate and material assets into the Maecenas Universitatis Corvini Foundation from July 1.
Minister of Justice László Trócsányi said the legal framework for the foundation is based on foreign precedents and stipulates a minimum capital requirement of HUF 600 million, a large board of trustees, a supervisory board and mandatory auditing.
Corvinus University Rector András Lánczi said the funding model could become a paradigm for other institutions of higher education.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
