Tisza Government Takes Back EUR 276 Million in State Assets as KEKVA System Is Dismantled
13 Articles
13 Articles
State reclaims 100bn forints as public-interest foundations dissolved
Assets worth one hundred billion forints have been returned to the state through the liquidation of public-interest asset management foundations (kekva), concluded at the end of August, by four foundations under the Ministry of Transport and Investment — the minister announced on Sunday on his Facebook page.
Tisza government takes back EUR 276 million in state assets as KEKVA system is dismantled
EUR 276 million in state assets has returned to state control as Hungary completes the liquidation of its controversial KEKVA foundations. Continue reading: https://dailynewshungary.com/tisza-govt-takes-back-state-assets-kekva/
The Minister of Transport and Investment wrote that his ministry is taking back assets worth 100 billion forints from the Kekvas.
He promises that there will be no service whose quality will deteriorate in the new system.
According to the announcement of the Minister of Transport and Investment, assets worth 100 billion forints from public funds from foundations liquidated at the end of August were returned to the state.
He believes these entities should have been called private foundations.
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