Defense Properties Open To Bidding In Hungary

  • 5 Jun 2012 9:00 AM
Defense Properties Open To Bidding In Hungary
The Defense Ministry plans to sell 26 properties at auction out of the more than 100 that have become superfluous for the armed forces, Népszabadság reports.Defense Minister Csaba Hende put the sale in the context of the armed forces transformation and stressed that money from the sale will be retained under a special government permit.

The auction will not be restricted, which means foreign individuals and companies can also buy the properties, the ministry told the daily.

Source: Hungary Around the Clock

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