Tenders called by the city of Pécs to sell its airport as well as a 49% stake in its famous Zsolnay porcelain factory have been declared unsuccessful.
The local council offered the airport for HUF 3 billion, along with HUF 1.1 billion of loans, on the condition the buyer would continue to operate it for 25 years. Some parties showed interest in the sale, among them a flight instruction school, but no bids were submitted by the deadline.
A bid was made for the 49% stake in the Zsolnay porcelain factory, but the bidder withdrew its offer because it said it did not have the support of the local council's opposition.
Pécs is looking for a minority investor with the aim of modernizing the Zsolnay factory and covering costs related to the city of Pécs's program for 2010, when it takes the European Capital of Culture title, Deputy Mayor Bertalan Tóth said earlier. Zsolnay needs HUF 1.5 billion to modernize its plant and cover the cost of transforming the area around the manufacturing base into a cultural quarter - a key element of Pécs's European Capital of Culture Program - but only about half of that amount is available right now, Tóth said. (MTI-ECONEWS)