House passes law on farmland earmarked for compensation

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The Hungarian Parliament today passed legislation on the transfer of ownership of farmland reserved as compensation for former landowners and cooperative members, Hungarian news agency MTI reported.

The law was approved today after President János Áder earlier returned the legislation to Parliament, expressing concerns over the lawʼs failure to clearly define the scope of the farmland in question, allowing, in principle, the state to take over free of charge any land farmed by cooperatives not previously designated for compensation funds.

The law stipulates that farmland taken over by the state is to be offered in ongoing sales of land to local farmers.

The law also repealed earlier legislation allowing former cooperative members to purchase farmland using compensation coupons, thus bringing the compensation process to a conclusion.

The law was approved with 114 voting in favor and 56 voting against the measure, with no abstentions.

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