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The Establishment of MNV Zrt.

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.

When the period of institutionalised privatisation came to an end, the government gained a new set of duties in respect of the assets remaining in state ownership, and was faced with new challenges in its role as owner of these assets. From that time on, the primary aim has been to maintain and enhance the value of assets in permanent public ownership, and this has involved focusing on asset management. The State Assets Act (no. CVI of 2007) regulates how the rights of ownership are to be exercised and how state assets are to be used and managed.

One of MNV Zrt’s duties is to produce an integrated asset register by merging the records of its predecessor organisations. The register includes a description of each asset item, and its value. The integrated asset register, properly maintained, will give a clear view of the magnitude, content and true value of public assets.

The Act provides a well-defined framework and set of conditions for the now-integrated asset-management organisation, affording it management autonomy and requiring application of efficiency and cost-saving criteria. MNV Zrt. can therefore operate flexibly, but is constrained to apply the most practical means possible in making use of state assets.

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<title>The Establishment of MNV Zrt. </title>
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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. 

</formatted-text>
</lead>
<body>
<formatted-text>
When the period of institutionalised privatisation came to an end, the government 
gained a new set of duties in respect of the assets remaining in state ownership, 
and was faced with new challenges in its role as owner of these assets. From that 
time on, the primary aim has been to maintain and enhance the value of assets 
in permanent public ownership, and this has involved focusing on asset management. 
The State Assets Act (no. CVI of 2007) regulates how the rights of ownership are 
to be exercised and how state assets are to be used and managed.
 
One of MNV Zrt’s duties is to produce an integrated asset register by merging 
the records of its predecessor organisations. The register includes a description 
of each asset item, and its value. The integrated asset register, properly maintained, 
will give a clear view of the magnitude, content and true value of public assets.

  
 
The Act provides a well-defined framework and set of conditions for the now-integrated 
asset-management organisation, affording it management autonomy and requiring 
application of efficiency and cost-saving criteria. MNV Zrt. can therefore operate 
flexibly, but is constrained to apply the most practical means possible in making 
use of state assets.
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<author></author>
<keywords></keywords>
<seckeywords></seckeywords>
<pagenumber>1</pagenumber>
</article>
</content>

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