Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 03 OCTOBER 1995

Privatisation in Hungary

Beiten Burkhardt Mittle & Wegener
Explore more from Beiten Burkhardt Mittle & Wegener

HungaryGovernment, Public Sector
Privatisation in Hungary is governed by Act XXXIX of 1995 on the Sale of State-Owned Entrepreneurial Assets. This Statute replaced the previous law dating back to 1992. The major changes deal with the organisation of the privatisation agency.

Previously the privatisation process was concentrated in the hand of the State Property Agency (AVU) whereas the Property Management Company (AV Rt) was responsible for the administration of the State property and the transformation into private legal entities.

By the above mentioned new statute both organisations were merged to the new "State Privatisation and Holding Company (APV Rt.)". The task of this new organisation is the earliest possible sale of state-owned shares and business quotas and other assets. In the previous years already 712 state-owned enterprises or shares in such enterprises were sold to private investors. Some hundred are still available in various business areas.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Hungarian Parliament Establishes The National Asset Protection And Recovery Office

The Hungarian Parliament has established a powerful new enforcement authority with extensive investigative and prosecutorial powers over public asset management. Companies heavily reliant on public funding face heightened scrutiny as the National Asset Protection and Recovery Office gains authority to conduct investigations, impose supervision, and pursue both criminal and civil enforcement actions.
HungaryGovernment, Public Sector
Kinstellar
Kinstellar
Podcast

2026 Hungary Elections: What Comes Next? Insights From A Former US Embassy Diplomat In Budapest (Podcast)

Péter Magyar's landslide victory over Viktor Orbán on April 12 marks a seismic shift in European politics, ending the reign of Europe's longest-serving head of state. This political upheaval carries significant implications for US policy toward Russia, Ukraine, and the European Union, as well as for American business interests in the region.
HungaryGovernment, Public Sector
Squire Patton Boggs LLP
Squire Patton Boggs LLP