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31st January, 2018

Budapest cabs to cost more

There are still some rounds of negotiations to come, but taxi drivers can reach an agreement with authorities on increasing the fixed taxi fares in Budapest by 10-15% from April, national taxi association leader Zoltán Metál told Portfolio.

He argued that the fixed fares introduced in 2013 have led to a more transparent and predictable market.

Taxi companies have not yet faced labour supply problems, he added, but popular companies have longer waiting times because demand for reliable services has increased.

Metál estimated that demand for taxi services went up 5-10% last year, partly due to the ban on Uber services.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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