Bill would authorize MNV to e-auction heirless objects
Hungarian lawmakers submitted a bill to Parliament yesterday, under which the Hungarian National Asset Management Company (MNV) would receive authorization to organize electronic auctions of assets that it owns but does not manage, Hungarian news agency MTI reported.
The e-auction system would allow MNV to sell the assets in a "flexible and continuous" manner, the bill says.
The bill notes that MNV has in its warehouses almost 100,000 objects that it owns but does not manage, with a book value of almost HUF 1.1bn, including 42,000 items it acquired from deceased owners without heirs.
MNV called just one auction for the sale of the objects in the past four years, and revenue from utilization of the objects reached just under HUF 6 mln in the past three years.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Poland Retail Sales Growth Stable in March
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
