Budapest mayor, banks reach agreement on BKV debt

A "stand still" agreement has been signed with nine banks lending to BKV that allows the refinancing of HUF 63.1 billion of debt expiring this year.
BusinessWednesday, 15:40 April 4., 2012 Read more

Ministries submit proposals on savings measures

The government decided in February to reduce state subsidies for medications and cut central funds for BKV.
EconomyTuesday, 12:05 March 20., 2012 Read more

Műszer Automatika spends almost HUF 1 bln on expansion

The company was awarded almost HUF 100 million in grant money for the investment.
BusinessWednesday, 10:05 March 14., 2012 Read more

BKV gets state guarantee for loans

Budapest Mayor: In spite of expectations to the contrary, BKV will probably escape its situation,
EconomyFriday, 10:50 March 9., 2012 Read more

Gov't to reduce subsidies for medicines, public transport to meet deficit target

The government has decided to take necessary measures to meet Hungary's deficit targets for this year and 2013 by reducing state subsidies for medications and cutting central funds for BKV.
EconomyWednesday, 12:20 February 22., 2012 Read more

Mayor leaves govt talks on BKV with "cautious optimism"

The government's conditions on the capital's public transport company BKV were realistic and could be fulfilled, said Budapest mayor after a meeting with government officials on Friday.
EconomyFriday, 16:15 February 17., 2012 Read more

Budapest council approves HUF 15bn for BKV

The Budapest municipal council on Wednesday decided to give the capital’s troubled public transport company BKV a HUF 9bn loan and a further HUF 6bn in support.
LifeWednesday, 13:40 January 25., 2012 Read more

Budapest mayor sends PM proposal on BKV aid

Budapest mayor Istvan Tarlos said in a radio interview on Monday that he sent a package of proposals on the capital’s troubled public transport company to Prime Minister Viktor Orban.
LifeMonday, 11:20 January 9., 2012 Read more

Budapest mayor convenes extraordinary council session over BKV

The Budapest Public Transport Company (BKV) can only refinance a HUF 45bn loan repayment due in the first quarter if its operating financing is stabilised, Budapest mayor Istvan Tarlos told MTI on Friday.
EconomyFriday, 15:15 January 6., 2012 Read more

BKV announces tender for purchase of used buses

The Budapest Public Transport Company (BKV) has issued a tender worth between HUF 3bn and HUF 6bn for the acquisition of up to 120 used buses, BKV reported on its website.
BusinessWednesday, 13:20 January 4., 2012 Read more

BKV to get more than HUF 32bn from central budget in 2012

The Budapest Public Transport Company (BKV) will get HUF 32.2bn from the central government next year under a last-minute change to the 2012 budget bill approved Monday night.
BusinessTuesday, 15:25 December 20., 2011 Read more

BKV announces tender for used buses

The Budapest Public Transport Company (BKV) on Tuesday called a tender for 30+15 used low-floor Volvo 7700 buses or their technical equivalent.
BusinessTuesday, 14:05 December 20., 2011 Read more

Budapest could get HUF 40-45bn for BKV from higher local business tax

An increase in the local business tax would raise revenue for the capital by HUF 40bn-45bn, Budapest mayor Istvan Tarlos said at a press conference on Monday.
BusinessMonday, 13:30 December 12., 2011 Read more

BKV cancels collective contract with unions

Budapest Public Transport Company (BKV) CEO Gyula Varszegi on Wednesday signed a document cancelling the company’s collective contract with unions because it contains provisions that are "unsustainable because of BKV’s strained material position and the lack of financing for its operation", BKV said.
BusinessThursday, 17:15 December 1., 2011 Read more

BKV needs more state support in Dec-Jan - mayor

Some HUF 5bn in central government support for the Budapest Public Transport Company (BKV) is on the way, but the company needs a further HUF 6bn in state support in December and HUF 9bn in January, Budapest mayor Istvan Tarlos said on Tuesday.
PoliticsTuesday, 17:20 November 22., 2011 Read more

Alstom trains to run on second metro line from end-2012, mayor says

An order of trains from French engineering giant Alstom will start running on Budapest’s number two underground line by the end of 2012, the capital’s mayor István Tarlós said at a press conference on Monday.
LifeMonday, 15:05 November 14., 2011 Read more

Alstom metro cars get green light from transport authority

Experts of Hungary’s National Public Transportation Authority (NKH) have approved the brakes on trains French engineering giant Alstom is to deliver for Budapest’s number two underground line, exempting them from Hungarian regulations, a source with knowledge of the matter told MTI late Friday.
BusinessFriday, 18:35 November 11., 2011 Read more

Transport centre invites prequalification tender to operate Budapest buses

Budapest Transport Centre (BKK) has called a prequalification tender to select bidders to operate Budapest buses.
BusinessTuesday, 10:00 October 25., 2011 Read more

Alstom metro trains cleared by transport authority

Trains French engineering giant Alstom is to deliver for Budapest's number two underground line have passed a brake test by the National Public Transportation Authority (NKH), a source with knowledge of the matter told MTI late Friday.
BusinessMonday, 11:50 October 24., 2011 Read more

Budapest public transport at risk of default next month, mayor says - paper

Trams could come to a halt in the capital in November, mayor István Tarlós told business daily Napi Gazdaság unless city transport company BKV receives HUF 6bn and repays a loan expiring on October 17.
BusinessThursday, 12:35 October 13., 2011 Read more

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