Are you sure?

Transportation minister appoints new chairman of MÁV

Transportation Minister Peter Hónig has appointed Miklós Andrási chairman of the board of state-owned railway company MÁV, the ministry said on Wednesday.

Andrási, who currently heads Grid, a consultancy firm, will later be appointed MÁV CEO.

Hónig said there was “no loss of confidence” in MÁV's current CEO István Heinczinger, but noted that a condition for Hungary's €20 billion IMF financial support package is making HUF 40 billion in savings next year from the yearly HUF 280 billion in state financing that goes to MÁV and long-distance bus company Volán.

Hónig also appointed cabinet chief Károly Antali commissioner in charge of public transportation.

The aim of the restructuring of Hungary's public transportation system is to create the conditions for a financeable MÁV group, to eliminate overlapping rail and bus links, and to restore the good social standing of public transportation, Hónig said. (MTI-ECONEWS)