HUNGARY: A commercial court initiated liquidation proceedings on October 15 against rolling stock businesses Ganz-Mavag International and the Dunakeszi Járműjavító plant, both owned by Hungarian investment company Magyar Vagon.
Three days later, the national government responded by formally declaring the companies as strategic assets, deeming these operations to be of ’national importance for reasons of transportation safety and for of the provision of essential public services, as well as implementing projects that are nationally economically significant’.
Dunakeszi Járműjavító has been carrying out major overhauls of hauled coaches for national operator MÁV Személyszállítási Zrt, but local industry…