Electronic system boosts sales of assets under liquidation
Sales of the assets of companies under mandatory liquidation are up almost 20% a month after the introduction of an electronic sales system, government commissioner Zoltán Kunfalvi said at a conference on Thursday.
The electronic sales system, known by its Hungarian acronym "eer", was introduced on January 1 as part of the government's anti-corruption strategy. The system makes liquidators' work more transparent and easier to check, Kunfalvi said.
Anybody can register to use the online system for a fee of HUF 7,000. Liquidators who use the system pay a monthly base fee of HUF 5,000 and a scaled bidding fee of between HUF 1,000 and HUF 20,000. A 1% commission is also charged on sales.
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