Government to appoint commissioner to oversee public transport restructuring

János Főnagy will be appointed for a year from May 1, the Government Spokesman's Office said.
BusinessFriday, 16:20 April 20., 2012 Read more

Preparations for talks on fiscal measures proceeding well

The government will discuss budgets for this year and the coming years as well as measures necessary to achieve the deficit targets in upcoming weeks.
EconomyTuesday, 15:00 March 20., 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

Stadler Rail submits offer in GYSEV railway vehicle tender

One single offer - by Stadler Rail AG - was submitted by the January 3 deadline in the tender called by regional railway company GYSEV, owned by the states of Hungary and Austria, to purchase railway multiple units, the railway company told MTI on Wednesday.
BusinessWednesday, 18:50 January 4., 2012 Read more

Appeal rejected in Miskolc tram tender

Hungary’s Public Procurement Arbitration Board (KDB) has rejected an appeal by Spain’s CAF of the result of a tender to deliver 31 trams to the city of Miskolc (NE Hungary), the decision published on the Public Procurement Office’s website shows.
BusinessWednesday, 13:25 January 4., 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

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

MÁV passenger, traction and maintenance unit heads leave on decision of CEO

The heads of state-owned Hungarian railway company MÁV’s passenger, traction and maintenance units are leaving their posts on a decision taken by CEO Ferenc Szarvas, MÁV said on Friday.
BusinessFriday, 17:15 November 4., 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

Audit Office reports Budapest Transport Company to the police

The State Audit Office has filed a report with the Budapest police against the Budapest Transport Company (BKV) for alleged misappropriation of funds in the course of vehicle leasing agreements
BusinessMonday, 12:40 September 12., 2011 Read more

BKV debt projected at HUF 72 bln in 2011

Hungary's government has recently made a decision to assume up to HUF 78 billion in debt from the troubled Budapest public transportation company
BusinessFriday, 12:20 August 26., 2011 Read more

Budapest, Alstom close to metro train deal, says mayor

Budapest public transport company BKV and France’s Alstom are close to hammering out a deal on a disputed and long-delayed metro train order
BusinessWednesday, 14:40 June 22., 2011 Read more

BKK to replace obsolete vehicle fleet

BKK head has revealed modernization plans for the public transportation system in Budapest  
LifeThursday, 16:05 June 16., 2011 Read more

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