ABSTRACT
BRG Radiotechnikai Rt. is one of many units of BRG Holding, which is an asset managing center with thirty employees. BRG Holding is an autonomous legal body that manages the BRG company assets belonging to the State Property Agency. Despite the fact that BRG Rt. was never late in its repayment of loans in the past, it has not been able to obtain new loans since the transformation. BRG Rt. has only two shareholders, the holding company and foreign investor. Every important question is decided by the general assembly. Before 1989, BRG Rádiotechnikai Rt. was the subsidiary of a state firm, BRG Trust. Day-to-day management of BRG Rt. is carried out by the CEO, who is appointed by the board of directors. Since chairman of the latter is the managing director of BRG Holding, the dependence of BRG Rt. on BRG Holding is evident. BRG Rt.’s export activity demonstrates the success of autonomous sales, including direct sales to the customer.
