Roland Nátrán, deputy state secretary at the Economy Ministry announced that in 2012 Hungary’s National Asset Manager Zrt will buy 8.000 properties from foreign currency mortgage holders who cannot pay their debt. This is a part of the agreement, signed with the Hungarian Banking Association in December 2011, that the state will buy 25.000 properties of this kind by the end of 2014. The necessary financing willl come from general budget reserves which are approximately HUF 100 bn. The funds are included in both the Convergence Programme, submitted to Brussels and also in the Szell Kalman Plan.
