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Asset managers offer resignation

Hungary's National Asset Management Council (NVT) will collectively resign after the new government takes office, state assets management company Magyar Nemzeti Vagyonkezelő Zrt (MNV) said in a press release on Wednesday.

The Council was created in late 2007 as a body of MNV to oversee the management of state assets. Its members are nominated by the president and appointed for a 6-year term.

The NVT believes that its members should resign in order to allow the new government to decide on how and who it wants to work with to pursue its asset management plans, the statement commented. Hungary's new government is expected to be sworn in on May 14. (Napi Gazdaság)