• Home
• Channel: Current Affairs
• Orbán’s Gov't is Trying Buy Strabag’s Stake in Hungarian-Austrian Railway Company

Orbán’s Gov't is Trying Buy Strabag’s Stake in Hungarian-Austrian Railway Company

• 15 Dec 2023 7:54 AM
• Hungary Around the Clock

The state has filed an official bid to purchase the 6% stake held by Austrian construction company Strabag in the Hungarian-Austrian railway company Gysev, Telex reports.

The Hungarian state has slightly less than a 66% stake in Gysev, the Austrian state slightly more than 28% and Strabag the rest, which is around 6%.

If Hungary acquires the apparently small share of only 6% with what is said to be a favourable offer to Strabag, it will be in a much more advantageous position, as it will have more than a two-thirds majority, leaving the Austrian owners with little say in the running of the company.

According to Telex, relations between the Hungarian and Austrian owners are bad. It has been known for some time that Construction and Transport Minister János Lázár felt that the leaders of Gysev were favouring the minority Austrian owner rather than the majority Hungarian one, and he unilaterally dismissed Hana Dellermann, head of the company’s Austrian operations.

The Austrian side vehemently complained about this, Telex adds.

It observes that the government has now chosen not to seek a compromise but to fight the Austrians.

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

• Strabag Raiway Government

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Investigative Journalist Accused of Espionage in Hungary by Gov't Seeks Public Support

• 27 Mar 2026 8:58 AM

Investigative journalist Szabolcs Panyi has come under intense scrutiny after Hungary’s government filed a criminal complaint against him on suspicion of espionage, as announced by Gergely Gulyás at a recent government briefing.



Growing Number of Ukrainian Spies Exposed in Hungary, Claims Gov't

• 27 Mar 2026 8:17 AM

The number of Ukrainian spies exposed in Hungary is growing, the minister heading the Prime Minister's Office told a regular press conference on Thursday. "The first was Szabolcs Panyi, who has been spying on his own country in cooperation with a foreign state, and the IT experts working for the Tisza Party," Gergely Gulyas said.



'Tisza Spy Scandal' Proves Preparations for a Pro-Ukraine 'Agent Govt', Claims Hidvégi

• 25 Mar 2026 7:08 AM

A new case of collusion graver than ever before has come to light with the eruption of the Tisza spy agent scandal, "which clearly proves that preparations are under way" for a pro-Ukraine "agent government", the parliamentary state secretary of the Prime Minister's Office said on Tuesday.



Does German Capital Serve as Hub for Disinformation Targeting Hungary?

• 25 Mar 2026 5:55 AM

In the course of its investigation into political pressure and disinformation campaigns in Hungary, the Sovereignty Protection Office has identified journalist Szabolcs Panyi as a "network agent financed and directed by persons with Democratic Party ties in the European Commission and the United States," the office said in a statement on Tuesday.