According to the paper, Minister of Economy and Transport János Kóka proposed the scheme after a year and a half of failed attempts to work out a contract for financing the stretches of motorway which would pass muster with the EU statistics office Eurostat. Hungary plans to spend more than Ft 300 billion, or more than 1% of GDP, on motorway construction this year, and it risks widening its fiscal deficit by the same amount if Eurostat does not accept the accounting of these costs off-budget.
The scheme is still in the preparation stages, but it would involve floating the majority of the shares of either the National Motorway Rt (NA) or the National Motorway Management Rt (ÁAK).
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
