Are you sure?

MÁV faces infrastructure crisis

Magyar Államvasutak Rt, Hungary's state-owned railroad company, faces an infrastructure crisis after decades of poor management and not enough funding, state news agency MTI reported today, citing former Transport Minister János Fónagy. Fónagy said MÁV still has to approve its 2005 business plan,
which highlights Ft 77 billion (USD 375 million) in losses and 81 % debt, and staff reductions to 44,500 from 50,000. Current Transport Minister János Kóka said plans to increase efficiency at MÁV are under way and include changes in management, the news agency reported.