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Demonstration held in Hungary against national assets bill
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08:40, September 11, 2007

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A demonstration organized by the civil group "Live Chain for Hungary" against a bill on national assets attracted about 2,000-3,000 people to the square in front of the Parliament on Monday evening, MTI News Agency reported.

"National assets are not for sale," speakers addressing the demonstrators said.

Parliament in June approved legislation on state assets, which provided for the creation of a single body to oversee almost all of state wealth.

President Laszlo Solyom subsequently sent the law back to Parliament for reconsideration, arguing the new agency was redundant since a comparable body already existed. He also objected to the proposal that the new body should operate for longer than a single government term.

The proposed seven members of the new body, the Hungarian National Asset Manager (MNV) -- which MPs will vote on a second time at around 2000 local time Monday -- would have the right to sell state assets, including assets previously banned from sale, or commission another party to do so. Members of the board are to be elected by MPs, representatives from the National Interest Co- ordination Council and the minister in charge of state assets.

Source: Xinhua



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