May 29th, 2009

Privatization agency offers “installment plan” for buyers of state properties

Hungary’s National Asset Management Council (NVT) has decided to allow winners of tenders to buy state-owned property to pay for their purchases in installments because of the crisis, the National Asset Management Company (MNV) told MTI on Wednesday.

If buyers pay 40pc of the purchase price in cash and produce a bank guarantee for the rest of the price, they may pay the balance in installments.

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