Article Tools

ÖBB: No Sale of Loss-Making Rail Cargo Hungaria

Published: May 27, 2011; 13:19 · (Vindobona)

The Austrian Federal Railways want to become market leader in rail cargo in Central and Southeastern Europe. € 30m will be invested in Hungary.

ÖBB: No Sale of Loss-Making Rail Cargo Hungaria / Picture: © OEBB

The ÖBB are not planning to sell their loss-making freight traffic subsidiary Rail Cargo Hungaria (RCH, previously MAV Cargo), clarified CEO Christian Kern on Thursday in Budapest. Rumors that the Hungarian State could acquire a stake in RCH again would be “pure speculation”, as there would only be talks about cooperation. The company intends to invest € 30m in Hungary in 2011,…

This article includes a total of 296 words.

or Log In

Fast News Search
Related News
Surprisingly Good First Quarter Results for ÖBB (May 23, 2011)
Leitl and Sorger Demand Privatizations (May 4, 2011)
Massive Losses for Federal Railroad (April 29, 2011)
Kern Leads an Image Campaign for ÖBB (April 25, 2011)
ÖBB Debt Reduction is Further Delayed (April 14, 2011)
ÖBB Promote Construction of the Brenner Tunnel (April 13, 2011)
Read More
Hungary, RCA Rail Cargo Austria, OEBB Austrian Railways, CEE Central Eastern Europe, Christian Kern, Rail Cargo Hungary
Featured
Meet the New Ambassador of the Republic of Serbia to Austria: H.E. Mr. Nebojša Rodic
Meet the New Ambassador of Hungary to Austria: H.E. Mr. Andor Nagy
Macedonia's Name Dispute with Greece: Macedonians in Austria Cast Their Votes
Updated Directory of Foreign Ambassadors in Austria 2018
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter