ADVERTISEMENT

Hungary gets HUF 900m in EU funding for bicycle loan scheme in capital

City

Hungary on Thursday signed an agreement for HUF 900m in European Union funding for a bicycle loan scheme in the capital.

The agreement on the funding was signed by National Development Ministry state secretary Pal Völner, deputy mayor István György and CEO of the Budapest Transport Centre (BKK) David Vitézy.

The HUF 1.1bn project, dubbed BuBi, will have 74 collection points with capacity for 1,500 bicycles. A thousand bicycles will be purchased at the start.

BuBi is to be completed in Q1 2013.

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Stretch of metro line M3 to reopen after renovation City

Stretch of metro line M3 to reopen after renovation

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.