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President András Szabó of jointly owned Austro-Hungarian regional railway GySEV announced his resignation at a company event on Thursday.
Szabó told MTI that his resignation would become effective on July 20, one day before GySEV's AGM.
The State of Hungary owns 65.6% of GYSEV, the state of Austria holds 28.2% and Austrian construction company Strabag holds 6.2%. (MTI-ECONEWS)