State assets, sports get HUF 5.8 bln more
The government decided to transfer HUF 5.83 billion with immediate effect from budget money set aside to provide finance for European Union tenders towards the financing of sports related and other developments, Hungarian news agency MTI reports.
The government resolution was published in the Thursday issue of the official gazette Magyar Közlöny.
HUF 1.91 bln of the total is redirected to finance property purchases and investments related to sports developments. HUF 3.8 bln will be spent on state-assets related movables and other equipment and the remaining HUF 112 million will finance other state asset management expenses, according to the resolution.
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.