Fónagy: ‘Migrant crisis’ creates HUF 2 bln extra costs for transport companies
Wikimedia Commons/Mstyslav Chernov -- Syrian refugees strike in front of Budapest Keleti railway station. Refugee crisis. Budapest, Hungary, Central Europe, 4 September 2015.
Transport companies owned by the Hungarian state are expected to see more than HUF 2 bln in extra costs by year end as a result of the “migrant crisis”, state secretary János Fónagy said in an interview with state-owned all-news channel M1, Hungarian news agency MTI reported today.
Syrian refugees strike in front of Budapestʼs Keleti Railway Station on September 4. (Photo: Wikimedia Commons/Mstyslav Chernov)
According to the state secretary, state-owned railway company MÁV is the “most severely affected” company of all with some HUF 700-800 mln in extra costs booked up until mid-September. Fónagy expects this to double by the end of the year. The state secretary said that the rise of passenger transport and also the closure of Keleti Railway Station for several days “have weighed on” the company, MTI reported.
Fónagy added that the extra costs for regional bus company Volán and Budapest transport company BKK reached HUF 100-120 mln, MTI reported.
MÁV chairman-CEO Ilona Dávid said on Monday that MÁV has so far booked additional costs amounting to HUF 700 mln due to the "migrant crisis".
ADVERTISEMENT
Áder Flags Delay in Full-scale Rollout of Bottle Return Syst...
India's G20 Presidency, Dawn of New Multilateralism - Narend...
AutoWallis Exceeds Entire 2022 Revenue, Profit in 9 Months
TikTok Commits to Improved Consumer Communication in Hungary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.
