STATE PRIVATIZATION COMPANY: BIG SALE

The State Privatization Company (ÁPV Rt) has 45 itemized transactions planned for this year, half of which can produce an income over HUF 1 billion, Magyar Nemzet has been informed.

Though the company has not released the official decision it is said that the state has two basic goals with the sale of the remnants of the national property: the price and the possible least further engagement.

The parliament is expected to decide early this week about the abolition of its majority rights: this means that the Hungarian state gives up its privileges in companies like OTB Bank, Pick Szeged Company, Zsolnay Porcelain Manufacturers, CD Hungary, and Hungexpo Company. This year ÁPV Rt wishes to sell properties in the value of HUF 146 billion while in 2005 the expected income is more than HUF 200 billion.

Translated by Péter Szentmihályi Szabó