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Government submitting bill on state asset management

A new bill seeks to ensure that the state continues to own assets that are critical to its core functions and to sell cost-generating assets that are peripheral to its essential activities, the minister of economic development said on Wednesday.

The state must operate more competitively in the current wartime environment and amid the “flawed sanctions policy”, Marton Nagy said in a statement.

The current bill is aimed at strengthening the position of the state asset manager Magyar Nemzeti Vagyonkezelo and creating a unified, centralised system for the legal exercise of real estate ownership, the statement said.

Strategically important assets will be kept in the state portfolio, while other assets will be sold to boost the state’s revenues while reducing costs, it added.

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