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€40m EIB loan to support rolling stock upgrade in Hungary

19 July 2016 | By Katie Sadler, Digital Content Producer, Global Railway Review

The European Investment Bank (EIB) is to provide a €40 million loan to Hungary’s Railway Company GySEV (Gyor-Sopron-Ebenfurti Vasut Zrt) to finance new rolling stock and introduce safety improvements.


Changing the future

28 January 2010 | By László Mosóczi, Member of the Board, Chief Operating Officer, Head of MÁV Infrastructure

Hungarian State Railways Co. (MÁV) is characterised by limited market and financial opportunities which are determined by the obligation to sustain the level of service, the application of obligatory ticket prices, limited budgetary compensations and by limited debt raising opportunities. After a couple of decades, the first years of the…


Success and growth – the ÖBB way

30 July 2007 | By Martin Huber, Chairman, ÖBB-Holding AG

ÖBB is on the way to renewal – and on the way to European achievement. One thing is clear to all members of the Group; ÖBB must be fit for European competition. This will require extensive work in major activities – ranging from the new main railway station of Vienna…


Visible improvements in Hungary

28 July 2006 | By Mr. István Heinczinger, Chief Operating Officer, MÁV Co

Hungarian State Railways (MÁV Co) celebrates the 160th anniversary of its foundation this year. The first railway line running between the capital city of Pest and Vác, a town situated 30km from the capital and operated by steam engines, opened on 15 July 1846. István Széchenyi and Lajos Kossuth, eminent…