The past week in Hungarian economic terms: motorway concessions, gas cap, Foodpanda

See below main business and financial news from the previous week:

CONCESSION WINNERS TO TAKE OVER OPERATION OF 1,237 KM OF MOTORWAY

The operation of 1,237 km of dual carriageways in Hungary will be transferred to five companies as the result of a concession procedure called earlier by the government, state roads company Magyar Közút Nonprofit said. MKIF Magyar Koncessziós Infrastruktúra Fejlesztő, AKA Alföldi Koncessziós Autópálya, M6 Duna Autópálya Koncessziós, M6 Tolna Autópálya Koncesszios and MAK Mecsek Autópálya Koncessziós will take over the operation of the motorways from September.

GOVT RAISES HEAT VALUE THRESHOLD FOR AVG GAS CONSUMPTION

Hungary’s government decided to raise the heat value threshold for regulated price gas consumption to 63,645 MJ/year, Gergely Gulyas, the head of the Prime Minister’s Office, said at a weekly press briefing. The threshold was raised from 59,132 MJ/year. Mr Gulyas said the adjustment reflects the varying heat values of gas used by Hungarian households, depending on whether it comes from Russia or sources in the West or is domestically produced.

RÁBA BOOKS H1 LOSS AS MARGINS NARROW, FINANCIAL LOSS WEIGHS

Hungarian automotive industry company Rába booked a first-half loss of 252 million forints as inflation squeezed margins and financial losses weighed, an earnings report showed. Revenue rose by 27 percent to 30.0 billion forints, but direct costs of sales climbed 31 percent to 24.7 billion forints. Other operating costs jumped 52 percent to 4.6 billion forints. A financial loss of over 0.9 billion forints bit into the bottom line.