Hungary rail giants Ganz-Mavag, Dunakeszi face liquidation
The railway manufacturing sector in Hungary is on the brink as two major companies, Ganz-Mavag International (GMVI) and Dunakeszi Vehicle Repair Works, face court-ordered liquidation. While the Hungarian government may still intervene to save them — potentially meaning renationalisation — the risk of their assets being sold off has placed thousands of jobs in danger…

