Hungary’s rolling stock manufacturing sector is facing a severe crisis after a court ordered the liquidation of Ganz-Mavag International (GMVI) and Dunakeszi Járműjavító, two companies considered strategically important to the national rail industry. Experts warn that only state intervention could prevent the collapse of the sector.
According to data from the Opten company register, the Budapest Metropolitan Court ruled on Thursday to begin liquidation proceedings against both GMVI and the Dunakeszi Rolling Stock Manufacturing, Repair and Maintenance Works. The two firms have struggled with serious financial difficulties in recent years, Szabad Európa reported.
GMVI serves as the parent company of the entire group,…