Volánbusz ownership transferred to MÁV


The ownership of state-owned bus company Volánbusz is being transferred on Wednesday to state-owned railway company MÁV to strengthen their long-term strategic management and their unified transport operation, Andrea Mager, Hungaryʼs minister without portfolio in charge of managing state assets said in a statement, according to a report by state news wire MTI.

The governmentʼs long-running intention of improving public transport services in all settlements, of ensuring the mobility of rural residents, and a shift of traffic towards an environmentally friendly public transport will be achieved by the creation of unified management, the statement said.

In the long run, a joint management will create the necessary conditions for the establishment of a unified bus and rail timetable, as well as a unified ticket and tariff system, according to the report.

The independence and professional management of the companies and the passenger transport tasks performed by the companies will not change.

In a separate statement, Magerʼs office said Volánbusz chairperson-CEO Ilona Dávid would step down "to take on new challenges" after overseeing the companyʼs reorganization.

Dávid headed MÁV in 2012-2018 and regional railway GYSEV in 2010-2012.


Nearly 18% of Polish firms plan investments in next 3 months... Analysis

Nearly 18% of Polish firms plan investments in next 3 months...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


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.