Economics
BKV braces for even harder times
After last year's Ft 45 billion deficit, public transportation company Budapesti Közlekedési Rt (BKV) expects losses to total Ft 60 billion by end 2005. If the central budget continues to provide increasing financial support, then 2006 could be the first year of deficit reduction said Botond Aba, BKV CEO. This year BKV will receive Ft 50 billion from the municipality of Budapest to finance a number of investments to improve public transportation, such as the construction of the new metro line and the purchase of new buses and trolleys. (Vg 15) A.K.
Kerenyi András-->
