By the decision of the management board of Rail Cargo Austria, its Hungarian subsidiary MAV Cargo will change its name, according to Railway Market - CEE Review.
It will take place in the first quarter of 2010. The new name of MAV Cargo will be Rail Cargo Hungaria. Rail Cargo Austria won a tender to buy MAV Cargo in May 2007. The amount has been fully paid in December 2008. Together, Rail Cargo Austria and MAV Cargo are the biggest rail freight company in Central and Eastern Europe, and the third-biggest in all of Europe.