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Government to buy back stud farm privatized in 2004

Telco

The Hungarian government has decided to purchase the Mezőhegyes Stud Farm, and has allocated HUF 2.1 billion for the deal, according to a resolution published in the latest issue of the official gazette Magyar Közlöny, Hungarian news agency MTI reported today.

The government announced in the spring that it would reorganize the stud farm and classify it as a “model farm,” after several years of mismanagement by private owners, MTI recalled.

The 230-year-old farm in southeast Hungary, which was privatized in 2004, posted revenues of HUF 6.6 bln, MTI reported based on public records.

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