Cargo division to be separated from MÁV

Tourism

A new company will be set up after the cargo division is separated from Hungarian railways MÁV Rt from next January, Minister of Economy and Transport János Kóka said on Thursday. Setting up a separate cargo company will help improve the efficiency of rail cargo transport, it will increase sales from logistics activities and will enable the development of strategic partnerships, Kóka said. As part of the reform of Hungarian railways, a new law has been prepared, which will enable the start of competition in railway services, the minister said. Parliament is scheduled to vote on this law next week, he added. Another measure carried out in line with the railways reform has been a 17% cut in the number of staff at management level, Kóka said.

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.

Support the BBJ

Travel