ADVERTISEMENT

MÁV, GYSEV to receive state subsidies for passenger services

Telco

Hungarian state-owned railway company MÁV is expected to receive a state subsidy of HUF 144 bln for its passenger services this year, a decree by the National Development Ministry published in the latest issue of the official gazette Magyar Közlöny revealed today.

On the basis of allowances promised earlier, MÁV will receive an additional HUF 12 bln in support for passenger services, the decree added. The decree allocates HUF 68 bln in support to MÁV for track upkeep.

GYSEV, a regional railway co-owned by Hungary and Austria, is expected to receive HUF 10.4 bln in support for passenger service and HUF 4.9 bln for track maintenance.

National Economy Minister Mihály Varga allocated HUF 33.5 bln for long-distance bus companies in addition to the HUF 4.5 bln in allowances already agreed upon, Hungarian news agency MTI said.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.