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Budapest Transport Company to raise public-transport fees 5-8% next year

The Budapest Transport Company (BKV) plans to raise public-transport fees 5-8% in 2013, the daily Magyar Nemzet reported on Monday.

The newspaper said that the Budapest Public Transport Centre (BKK) would submit various proposals regarding a hike in public-transport fares to the Budapest Council on Wednesday. Magyar Nemzet noted that Budapest mayor István Tarlós and Budapest Transport Company CEO Dávid Vitézy have both cited the need to raise public-transport fees in 2013, the first such increase in three years, to compensate for their 15% real-term price decline over that time.