May 19th, 2010
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Fidesz officials submit bill to merge VPOP with APEH, transform portfolio of MNV

Minister of National Economy-designate Gyorgy Matolcsy and Fidesz political official Janos Fonagy on Tuesday submitted separate bills to parliament stipulating the merger of Hungary’s Customs and Excise Tax Office (VPOP) with tax office APEH and the transformation of the Hungarian National Asset Manager MNV’s duties to include services to budgetary organizations and those utilizing state-owned property as well as transferring control over some state-owned companies from MNV to the state-owned Hungarian Development Bank (MFB).

Mr Matolcsy said that a government commissioner would assume control of VPOP in order to implement the consolidation of the organization with APEH.

The bill regarding MNV furthermore specifies that the organization would help prepare government documents such as the National Asset Management Guiding Principles and the Annual National Asset Management Program. The bill also calls for the elimination of the MNV’s National Asset Management Council.

The bill stipulates that MFB would assume control over state-owned companies such as the Magyar Export-Import Bank, non-profit student-loan provider Diakhitel, the State Motorway Management Company (AAK), Magyar Turizmus, ITD Hungary and others from MNV.

More than two-thirds of the 386 deputies in Hungary’s newly inaugurated parliament belong to the Fidesz party.

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