Hungary: Truck tracking system to be used for rail freight

History

pixabay

The Hungarian government is in the preliminary stages of creating an electronic tracking system, currently in place for truck deliveries, to monitor railway shipments, according to a report published by daily newspaper Magyar Idők today.

The National Tax and Customs Office (NAV) and the government are looking to prevent tax cheats through electronic security measures and have held meetings with railroad transportation companies to help implement the measure. The government plans to introduce a functional system which will suit the unique characteristics of rail freight transport, and will take time to smoothly introduce the new system.  

Rail Cargo Hungaria (RCH), responsible for more than two thirds of Hungarian rail freight, agreed with the government’s new measure, according to comments made by the organizationʼs Chairman, Imre Kovács, in the report.

The Hungrail working group, which lobbies for Hungarian railway industry interests, mentioned to the paper that railway companies have requested state support to cover the additional costs and responsibilities required by the new system.

The electronic tracking system for cargo trucks has been active since the beginning of 2015.

MOL Shareholders Approve Dividend of Around HUF 250/Share Figures

MOL Shareholders Approve Dividend of Around HUF 250/Share

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo... Government

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...

Hungary's Largest ESG Consultancy Formed by Merger of EY, De... Deals

Hungary's Largest ESG Consultancy Formed by Merger of EY, De...

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

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.