• Home
• Channel: Getting Around
• Merger of Hungarian Railways & State Bus Operator Volánbusz Announced

Merger of Hungarian Railways & State Bus Operator Volánbusz Announced

• 24 Jul 2024 2:08 PM
• Hungary Today

Minister of Construction and Transport, János Lázár, has officially ordered the merger of two state-owned passenger transport companies, MÁV-START Plc. and Volánbusz Plc., into a single entity named MÁV Személyszállítási Plc.

According to magyarbusz.hu this merger, part of the MÁVAUT concept, is set to be completed by the end of the year. As a result, Volánbusz will lose its independence and be fully integrated into MÁV’s passenger transport operations.

The merger is expected to mainly affect company law and management structures, with minimal impact on employees’ daily work.

Since December 2023, both companies have been managed under a unified CEO and board of directors, and from February 1, 2024, they will operate under a single organizational structure.

The idea of merging MÁV and the state bus operator has been discussed since 2010 but never materialized until now.

Previous proposals included forming a joint holding company in January 2012, which was delayed due to MÁV’s debt, and coordinating operations with seven regional transport centers in 2015, which did not happen.

In 2019, the government again proposed a joint holding company, but this was rejected, leading to the integration of the seven transport centers instead.

MTI Stock Photo - for illustrative purposes only

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

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

• Hungarian Railways State Bus Operator Volánbusz

XpatLoop Media Partner

Hungary Today

Online since 2014, this source states its aim as "to provide a complete, unbiased picture of Hungary”. It continues by acknowledging this “does not necessarily mean that our writers do not have their own opinions, sometimes reflected to a degree in the articles they publish”, and it's really worth readers keeping that in mind. Another stated aim is to become ‘the leading English-language news portal of Hungary’, a position held for 20 years by good old independent XpatLoop! Still our team has no issue with positively highlighting one or two useful articles published by Hungary Today here with permission for your interest.

Explore More Reports

Volánbusz Wins Aid to Run Hydrogen Buses in Hungary

• 17 Jun 2024 11:20 AM

State-owned coach service company Volán¬busz has won Ft 267 million in state aid for the purchase of a hydrogen-fuelled bus, the Humda Mobility Development Agency, which managed the tender announced.



Bus Drivers’ Strike Continues In Hungary

• 29 Jan 2024 10:59 AM

Solidarity, the trade union for bus employees, has announced a strike of workers of the national bus carrier Volánbusz, to take place on Jan 28-29.



H2.City Gold-Type Hydrogen-Powered Bus Being Tested in Budapest

• 25 Jan 2024 8:37 AM

Another hydrogen-powered bus has been put into service on a suburban route in Budapest in the framework of a pilot project run by the Hungarian Mobility Development Agency (HUMDA), state-owned bus company Volánbusz said.



Key Points Revealed: Big Changes to Bus And Rail Pass Systems Soon in Hungary

• 10 Jan 2024 10:39 AM

All types of passes on state railway company MÁV and state coach service Volán will be abolished from March 1, as only countrywide and county passes will be available, Construction and Transport Minister János Lázár announced at a press conference held with mayor László Papp in Debrecen.