Russia considering financing V0 freight railway bypass


Russia is ready to consider financing the V0 freight railway bypass around Budapest, as well as sharing its experience and know-how for the project, the Ministry for Innovation and Technology said after a videoconference between Minister for Innovation and Technology László Palkovics and Russian Minister of Transport Vitaly Saveliev, according to

The ministry said that the two sides welcomed the recent establishment of a joint rail cargo venture between Hungarian, Russian and Austrian companies.

Palkovics said Hungary aims to become a logistics and distribution hub for the transport of goods between Europe and Asia, noting that an upgrade of the Budapest-Belgrade rail line, which will become part of a corridor for bringing goods from China, has already started.

He said an environmental permit for the planned V0 railway bypass could be obtained by next spring, and a feasibility study completed by the summer of 2023.


Companies Borrow HUF 256 bln in October Banking

Companies Borrow HUF 256 bln in October

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Sales Set to Reach 8-year Low Residential

Home Sales Set to Reach 8-year Low

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


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.