Hungary govt to buy public television building for HUF 22 bln
The purchase of the headquarters of public broadcaster Magyar Televízió will cost taxpayers net HUF 22 billion, chairman of the board of the Public Service Public Foundation László Balogh and communications manager of the Media Service Support and Asset Management Fund (MTVA) László Szabó announced on Thursday.
The gross price is one-fourth or one-third of the gross HUF 130 billion Magyar Televízió would have paid in rent over 40 years under the original contract, Balogh said.
MTVA has 18 months to buy the headquarters, Szabó said. The fund will take out a bank loan to finance the purchase, he added.
The government earlier announced plans to review and buy out public private partnerships (PPP).
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.