Bill handing over billion in public wealth to foundations pa

Bill handing over billion in public wealth to foundations passes


Earlier this year, the government pushed through a change in the …
His government will appoint boards of trustees to run the foundations, which will control substantial real estate assets and benefit from billions of euros worth of EU funds, while also having considerable influence over universities’ everyday life.
The government will endow several of the foundations using its stakes in blue chip companies MOL and Richter. It will also allocate over 1 trillion forints (€2.7 billion) in EU recovery funds for the revamp of universities.
“You are planning to give away the remains of the nation’s wealth to these foundations for free,” opposition MP Erzsébet Schmuck from the LMP party said in parliament on Monday.

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