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Parliament to review past privatization contracts

Parliament late Monday approved a resolution that launches a review of twenty years of privatization contracts to establish whether they meet rules on protecting the environment, nature and Hungary's cultural heritage.

The review is of contracts signed between January 1, 1989 and May 29, 2010. It is to be completed by May 31, 2012.

Parliament also asked the cabinet to review contracts on the sale of companies by local councils during the period.