Electronic system boosts sales of assets under liquidation
Sales of the assets of companies under mandatory liquidation are up almost 20% a month after the introduction of an electronic sales system, government commissioner Zoltán Kunfalvi said at a conference on Thursday.
The electronic sales system, known by its Hungarian acronym "eer", was introduced on January 1 as part of the government's anti-corruption strategy. The system makes liquidators' work more transparent and easier to check, Kunfalvi said.
Anybody can register to use the online system for a fee of HUF 7,000. Liquidators who use the system pay a monthly base fee of HUF 5,000 and a scaled bidding fee of between HUF 1,000 and HUF 20,000. A 1% commission is also charged on sales.
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.