The rights and obligations held by the State of Hungary as owner of public assets are exercised by the minister responsible for supervising state assets (under current regulations, the Minister of National Development). The Minister carries out these duties largely via the Hungarian State Holding Company (MNV Zrt.), the organisation exercising the rights of owner.

The Hungarian State Holding Company (MNV Zrt.) was set up on 1 January 2008by merger of its three predecessor organisations – the Hungarian Privatisation and Holding Company (ÁPV Zrt.), the Treasury Property Directorate (KVI) and the National Land Fund Management Organisation (NFA). In the period since the political and economic transition, governments have occasionally drawn up new strategies for various categories of state assets and set up institutions to suit these strategies. This has always resulted in the separate management of real estate, agricultural land and various kinds of companies. MNV Zrt. was set up to provide the organisational framework for an integrated approach to the management of state assets.

The responsibilities of MNV Zrt. are defined in outline by the State Assets Act. This specifies the state asset-related transactions, procedures and objects in respect of which MNV Zrt. has sole powers.