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APV to Pay HUF 44bn in Privatisation Income into Budget.

Europe Intelligence Wire

| December 23, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hungarian News Agency (MTI))

Budapest, December 23 (MTI ECONEWS) - The State Privatisation and Holding APV Rt will pay HUF 44.3bn into the central budget from the proceeds of privatisation transactions this year, APV deputy CEO Akos Macher announced at a press conference on Tuesday.

APV expects to end 2003 with revenues of HUF 163bn and expenditures of HUF 119bn. Around HUF 135.6bn will come from privatisation revenue and dividends will bring in another HUF 14bn, well over the HUF 8bn target.

This year's revenue target was HUF 200bn, however, several planned privatisation transactions have been postponed.

The planned transactions which have not been materialised are not put off, APV CEO Miklos Kamaras said. The transactions delayed include the privatisation of Mol, Antenna Hungaria, national textbook publisher Nemzeti Tankonyvkiado, Tokol Airport and the headquarters of ...

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