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BKV to increase fares

Budapest Transport (BKV) Rt will increase its fares by 8% - 10% next January, daily Népszava reported. The company plans a single increase next year instead of a mid-year raise in the schedule, deputy-CEO László Menyhért said yesterday. The price of a single ticket will be Ft 185, a full-price monthly pass will cost Ft 6,900, a students' pass Ft 2,600. BKV also plans to introduce a chip card system to reduce fare-dodging with a Ft 47 billion-Ft 68 billion investment next year, Menyhért added.