Hungary tenders entire power sector

Article Abstract:

Hungary plans to privatise the whole of its electricity sector, selling an average of 47.8% of six electricity suppliers, 24% of MVM, the electricity board, and 34-49% of seven power stations. The government hopes that the bidding process will be concluded by the end of 1995. As of Aug 28, 1995, 47 investors had stated their intention to submit a bid. The 46.15% stake being made available in Budapest Electricity (Elmu) has the highest nominal value, at around $217 million.

Electric Power Generation, Transmission and Distribution, Electric Utilities, Municipal & Regional, Management, Electric utilities, Municipal electric utilities

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Hopes alive in Hungary

Article Abstract:

The privatisation programme in Hungary has an uncertain future following the resignation of Laszlo Bekesi the Finance Minister and the dismissal of Ferenc Bartha, the privatisation commissioner, due to disputes about privatisation policy. The proposed sale of HungarHotels to Amercian General Hospitality (AGH) was blocked by Prime Minister Gyula Horn, although he is committed to further privatisation

Hotel & Motel Buildings, Multifamily Housing Construction, Residential construction, not elsewhere classified, Hotel construction, Hotels and motels

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Hungary beats the most optimistic predictions

Article Abstract:

Hungary generated 460 billion HUF revenue from privatisation during 1995, higher than expected. APV Rt, the state privatisation agency, accelerated the process, achieving the privatisation of 27.6% of MOL, an oil company, regional gas distributors, power plants and electricity suppliers. Budapest Bank and Matav, the national telecom company were also sold.

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