ADVERTISEMENT

Lázár: Lawmakers will decide on allocating proceeds from state-owned farmland

Awards

The Hungarian government will leave it to Parliament to decide how to allocate HUF 250 bln-300 billion in revenue from the sale of state-owned farmland, Cabinet Chief János Lázár said yesterday.

Government spokesperson Zoltán Kovács and Cabinet Chief János Lázár at the press conference yesterday. (Photo: MTI/Zoltán Máthé)

Speaking at his regular weekly press conference, Lázár said the money could be spent on acquiring land for industrial parks, reduce state debt or support healthcare programs, according to Hungarian news agency MTI.

The government sold approximately 180,000 hectares of state-owned land to local farmers in two rounds initiated last November. Another 60,000 hectares were offered in a third round launched in May. 

Lázár also said the government had decided to allocate HUF 25 bln for the renovation and expansion of the Museum of Applied Arts in Budapest.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.