Economics

Sportfolió to become pub. fin. institution

Sportfolió Kht, a non-profit organization which was founded by the Ministry of Children, Youth and Sports in 2000 for the operation of state-owned sports centers, will be turned into a publicly financed institution, National Sports Centers (NS), director of the National Sports Office Attila Ábrahám announced. Sportfolió has amassed Ft 3.5 billion in losses during the past couple of years, Ábrahám added. National Sports Centers would only manage the sports center in Népliget, Budapest, and another six Olympic sports centers, the rest of the state-owned facilities would be put up for sale. National Sports Office hopes to net Ft 2 billion from the deals. (Vg 7) P.Ő.

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