Decree No. 259 of 2009 (XI. 23.) Korm of the Government regarding the fifth phase of agricultural land purchase by the State against payment of a life annuity. | Land Portal

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LEX-FAOC099499
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1
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The Hungarian State Holding Company (MNV Zrt.) may purchase agricultural land through tendering procedure from land owners (hereinafter: entitled) for the benefit of the State, for a maximum of 20 acres and a minimum of 1 acre per owner of lands in non-urban areas, for a total value of 3 million HUF, and paying for it with a life annuity according to the provisions of this Decree.

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Acer

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Hungary became a Christian kingdom in A.D. 1000 and for many centuries served as a bulwark against Ottoman Turkish expansion in Europe. The kingdom eventually became part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under communist rule following World War II. In 1956, a revolt and an announced withdrawal from the Warsaw Pact were met with a massive military intervention by Moscow.

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