Hungary: New Ownership Program Council proposes companies to be included in scheme
New Ownership Program Council (NOPC) President Tamás Mészáros said on Thursday, that the body had proposed to Prime Minister Ferenc Gyurcsány, that the expected state-owned companies, Motorway Management Company AAK, Hungarian Electricity Works MVM, transmission-system operator Mavir, lottery company Szerencsejáték and later, postal service Magyar Posta, be included in the government’s New Ownership Program.
Mészáros said that the council had also proposed, that the program include a 5-15% preference on shares of state-owned companies to be floated at the Budapest Stock Exchange under the program, that investors be given the option of paying for the shares in installments over a period of 3-5 years and be accorded an exemption from the capital-gains tax if they retain the shares for a period of at least five years. Mészáros added that the council had also discussed the possibility of including waterworks, wine trader Tokaji Kereskedőház and a couple of real-estate holding companies in the New Ownership Program. (MTI-Econews)
ADVERTISEMENT
Households Make Net Withdrawals in April
Parl't Approves Amendments to Legislation on Judiciary
Wizz Air Participates in USD 50 mln Investment
Tourism Nights Slightly up in April 2023
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.
