The HUF 9 billion renovation and expansion of the baths, financed in part by state-owned Hungarian Development Bank (MFB), was completed six years ago, but its doors remain closed due to an ownership dispute between the city of Budapest and private investors who partnered in the project, and the ensuing liquidation procedures launched against the project companies.
The governmentʼs declaration could accelerate the process of liquidation and open the baths to the public.
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