MÁV Magyar Államvasutak Zrt.

Article

January 27, 2022

MÁV Magyar Államvasutak Zártkörűen Működő Részvénytársaság (MÁV Zrt.) Is a railway company owned by the Hungarian state. The legal predecessor of MÁV, the Hungarian Royal State Railways, was founded in 1868. The company is headquartered in Budapest, but has offices in several other cities in Hungary. The chairman and CEO of the company is dr. Homolya Róbert. The total length of the railway network is 7243 kilometers. The companies belonging to the MÁV Group engage in a wide range of activities, such as the operation of the railway network and passenger transport. In addition, the group provides various services to freight railway companies, domestic and foreign companies and railway companies alike. From 15 July 2020, the ownership rights over Volánbusz Zrt. Will be exercised by MÁV Zrt., And from January 2021, the bus company will become part of the MÁV Group. This created Hungary's largest employer with 57,000 employees. The group serves 800 million passengers a year.

History of the MÁV Group

In 1867, the year of the compromise, the Hungarian government was authorized by the Parliament to take out a government loan. On July 1, 1868, the government purchased the bankrupt Hungarian Northern Railway, which operated the Pest-Salgótarján line, from a part of the state loan taken for railway and canal construction. In 1869, the Ministry of Public Works and Transport ordered that the railway taken over by the state treasury and the Zákány – Zagreb line, which would open in the near future, be renamed the Hungarian Royal State Railways - thus the legal predecessor of today's MÁV. From that year onwards, the role of the state was strengthened, and the private railways, which were in a difficult financial situation, were subsidized or bought out by the state. Their lines and vehicles were taken over by the Hungarian Royal State Railways, so the development of the network was unbroken. On March 15, 1949, MÁV formally became part of the Ministry of Transport and Posts, ie the state, and operated in this way until the change of regime. On June 30, 1993, the Ministry of Transport, Communications and Water Management established the Hungarian State Railways Limited Liability Company (MÁV Rt.), With 100% ownership by the Hungarian State, for an indefinite period. On September 1, 2005, the company was transformed into a private limited company (MÁV Zrt.), And its founding rights were transferred to the Minister of Economy and Transport. The Freight Business Division started its independent operation as a subsidiary of MÁV Cargo Árufuvarációs Zrt. On January 1, 2006, and continued to operate under the new name Rail Cargo Hungaria Zrt. Two years after its privatization in 2008. As of July 1, 2007, the former Passenger Transport Business Unit was also taken over by a subsidiary, MÁV-START Zrt., Which was also wholly owned by MÁV Zrt. On 1 January 2008, two additional subsidiaries were organized from the former Mechanical Engineering Business Unit: the vehicle maintenance company MÁV-GÉPÉSZET Zrt. And the traction service provider MÁV-TRAKCIÓ Zrt. taken over by MÁV-START Zrt. From 15 July 2020, in order to strengthen the coordinated, unified operation and joint strategic management of state-owned transport service companies in the long term, the ownership right of Volánbusz Zrt. In order to realize this intention, in January 2021 MÁV became the owner of Volánbusz and VOLÁN Buszpark.

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