• Home
• Channel: Getting Around
• Massive 'Survival' Loan Keeps Budapest Public Transport Running

Massive 'Survival' Loan Keeps Budapest Public Transport Running

• 25 May 2023 5:46 AM
• Hungary Matters

The Budapest assembly on Wednesday approved an agreement between Budapest public transport company BKK and K&H Bank, of a 24 billion forint (EUR 63.9m) loan, as part of the municipality’s “survival programme”.

The proposal, submitted by Deputy Mayor Ambruss Kiss, was carried with 17 votes in favour, 2 against and 9 abstentions.

The loan will ensure BKK’s operation between June and September, and will have to be paid back by September 18, the proposal said.

MTI Photo: Noémi Bruzák

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Loan Budapest Public Transport

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Higher Speed Limits & New Rule Changes in Highway Code Overhaul in Hungary

• 21 Jan 2026 7:32 AM

Hungary is preparing to introduce a completely revised Highway Code, with wide-ranging changes that will affect drivers, cyclists, scooter users and pedestrians alike. The draft legislation has now been opened for public consultation and marks the first full overhaul of the country’s road rules in more than 50 years.



New Budapest Trams Boost Accessible Public Transport in Capital

• 19 Jan 2026 11:05 AM

Budapest has officially welcomed its 26th new CAF tram into service, the Budapest Transport Centre (BKK) announced on Thursday. Following successful test runs and regulatory approval, the vehicle is now carrying passengers, primarily on tram line 3.



Surprising City in Hungary Makes Time Out's New Cheapest & Best European Destinations List

• 15 Jan 2026 8:00 AM

The international city and culture magazine Time Out has named Miskolc among its must-visit European destinations for 2026, placing the north-eastern Hungarian city an impressive fourth overall on its list of best-value city breaks.



Update: Warning Issued Due to Risk of Freezing Rain in Hungary

• 14 Jan 2026 6:37 AM

HungaroMet, the national weather service, has withdrawn its 2nd degree (orange) alerts issued on Tuesday for freezing rain in Budapest and other parts of the country. The weather service, has however, maintained a first-degree alert for some areas in south-eastern Hungary, where further, scattered sleet is expected.