ADVERTISEMENT

Govt submits bill on new national asset management company

History

Hungary’s government has submitted a bill to Parliament on the National Asset Manager Company (NET), established to buy the homes of troubled borrowers and allow them to continue to reside there as renters until their financial position is consolidated and they can repurchase the properties.

NET was established by government decree at the end of August. The bill outlines its tasks and the conditions for its activities.

The state will buy 5,000 homes through NET by the end of 2014, paying 35-55% of market value depending on location, the government said earlier.

Community Project Promoting Solar Energy Starts in Budapest Energy Trade

Community Project Promoting Solar Energy Starts in Budapest

Hungary, Switzerland Update Double Taxation Avoidance Treaty Int’l Relations

Hungary, Switzerland Update Double Taxation Avoidance Treaty

Hungarian Unis Advance in QS Ranking Science

Hungarian Unis Advance in QS Ranking

White Party at The Duchess Coming This Weekend Drinks

White Party at The Duchess Coming This Weekend

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.