Four more state-owned companies have escaped government cuts

These additional companies are exempt from the reduction in personnel costs under the amendment:

• Paks II Nuclear Power Plant Zrt.;
• Finatom Nonprofit Ltd;
• Hunatom Ltd; and
• PIP Közép-Duna Menti Térségfejlesztési Nonprofit Ltd.

This therefore means that these four companies, along with 30 others, are not required to reduce their personnel costs in 2025 compared to 2024.

The previously announced 30 exempted companies are:

• MVM Energetika Private Limited Company and its consolidated companies
• General Asset Management Limited Liability Company
• Biogas Tatabánya Limited Liability Company
• Napraforco-Operation LLC
• National Waterworks Limited Company
• NHKV National Waste Management Coordination and Asset Management Private Limited Company
• NRG Finance LLC
• Civil Thermal Waste Utilisation Power Plant Limited Liability Company
• Radioactive Waste Management Non-Profit Limited Liability Company
• Zöldfok-Sió Settlement Management Private Limited Company
• MÁV Passenger Transport Limited Company
• MÁV Hungarian State Railways Private Limited Company
• Hungarian Post Private Limited Company
• Hungarian Pos Asset Management Limited Liability Company
• Magyar Posta Real Estate Managment Limited Liability Company
• Díjbeszedő Holding Private Limited Company
• Díjnet PLC
• MPSoft Informatikai PLC
• Posta Paletta PLC
• Postaautó Duna Gépjármű-kereskedelmi és Szolgáltató PLC
• EPDB Nyomtatási Központ Private Limited Company
• Díjbeszedő Faktorház Private Limited Company
• Postaflotta Ltd
• Magyar Posta Insurer Private Limited Company
• Magyar Posta Life Insurer Private Limited Company
• Companies under the ownership of the National Command of the Prison Service
• Hungarian Radio Artistic Ensembles Nonprofit Limited Liability Company
• N.S. MÉDIA ÉS VAGYONKEZELŐ Limited Liability Company
• Hungarian Wine Marketing Agency Private Limited Company
• National Sports Agency Non-profit Private Limited Company

Last week, a government decree ordered that 100% state-owned companies should save at least 5% of their personnel costs by 2025. These savings are mainly to be made in the areas of wages and labour costs.

At the last government information session, Gergely Gulyás said that this reduction would not affect wages; however, this contradicts the text of the legislation.

Cover photo: Shutterstock