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Land fund, national asset manager to exercise joint ownership over 50,000 hectares

Hungary's National Land Fund Management Organization (NFA) and the Hungarian National Asset Management Company (MNV) will exercise joint ownership rights over about 50,000 hectares of land under a decree recently approved by the government, the rural Development Ministry said on Monday.

The decree, drafted jointly by the NFA and the MNV, comes into force on November 1.