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MÁV, Volán holding company to be established around end-2011

A holding company into which state-owned railway company MÁV and the Volán bus companies will be placed will be established around the end of 2011, state secretary in charge of infrastructure at the National Development Ministry Pál Volner said on Tuesday, answering a question at a conference.

Prime Minister Viktor Orbán announced in a speech before Parliament on Monday that the two companies would be placed into a holding company. (MTI-Econews)