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Buyers of privatized property to be allowed to pay in installments

Hungary's National Asset Management Council (NVT) has decided to allow winners of tenders to buy state-owned property to pay for their purchases in installments because of the crisis, the National Asset Management Company (MNV) told MTI on Wednesday.

If buyers pay 40% of the purchase price in cash and produce a bank guarantee for the rest of the price, they may pay the balance in installments. (MTI-ECONEWS)