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Hungary to seek bigger state role in strategic sectors, says minister

Hungary's government further endeavors to strengthen the role of the state in strategic sectors and strategic companies, National Development Minister Tamás Fellegi said in Vienna on Monday, answering a question by a journalist.

The state could seek a bigger role "mostly in the energy sector", Fellegi said at a press conference following an annual meeting between the European Union and OPEC.

Fellegi did not reveal any details about resources that could be used for such a purpose but he stressed that making acquisitions was not the goal in and of itself, rather the acquisitions must be profitable.

"I am certain that we will find a method of financing without increasing state debt," he added.

A month ago, the government agreed to "reacquire" a 21.2% stake in Hungarian oil and gas company MOL from Russian peer Surgutneftegas for €1.88 billion.