Talks have already started with a local council-owned company on EPS-Global's smart parking system, board member Zoltán Gyarmati told MTI.
EPS-Global was established in 2012 and entered the Chinese market after 2016. In China, joint ventures in which it has stakes have concessions to set up and operate a combined 30,000 smart parking spots.
EPS-Global had a loss of HUF 554 million in 2021, public records show. Gyarmati attributed the losses to the Chinese projects which are "in the investment phase".
n investment fund of Magyar Eximbank plowed capital into EPS-Global in 2016 and 2017, acquiring a majority stake in the company.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
