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Hungary (903) > Economic and social policy (23)

Name: Act No. XXXIX of 9 May 1995 on the sale of entrepreneurial assets owned by the State.
Country: Hungary
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1995-05-09
Entry into force:
Published on: Daily Report East Europe, 1995-06-09, No. 111, pp. 1-24 (INFORM - P45807)
ISN: HUN-1995-L-43054
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=43054&p_lang=en
Bibliography: Daily Report East Europe, 1995-06-09, No. 111, pp. 1-24 (INFORM - P45807)
Abstract/Citation: Provides for the organization and operation of the State privatization and property management corporation. The purpose of privatization shall be, inter alia, to preserve and create work places, and to enforce social welfare (par. 2). Employees may acquire state-owned shares of their companies in the framework of buyouts (par. 53) or under preferential conditions (par. 55).

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