MOL Group signs two-year deal with IBM


The MOL Group has selected IBM’s integrated technology services to accelerate business growth and improve its efficiency, the company said in a press release sent to the Budapest Business Journal.

Through the IBM solution, MOL, one of the leading oil and gas conglomerates in Central and Eastern Europe can now consolidate its more than 30 cross-border purchasing processes under a single platform in Hungary, Croatia and Slovakia. 

IBM is providing full infrastructure maintenance, service monitoring and multivendor support for MOL Group organizations in all three countries. Technology support includes hardware and software maintenance, Linux services and backup technical support.

“With our help in three countries, MOL Group can manage its purchasing processes in a unified, integrated system, therefore eliminating duplicate work and saving money,” said Péter Rehus, head of IBM Hungary.

“Our goal was to increase our system efficiency at a low cost and extend our petrochemical business and renew our retail business, to provide our customers with better services,” said Péter Néz, the director of the MOL Group Information Services. “In line with our earlier initiated strategy for 2030, MOL continues its business transformation to build a more uniform, faster and more flexible business model, than ever before,” 

With the agreement signed for a two-year period, MOL Group says it can expect significant cost savings.


Companies Make Net Repayments on Credit in April Banking

Companies Make Net Repayments on Credit in April

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Hungary Home Sales Drop 19% in May Residential

Hungary Home Sales Drop 19% in May

Tourism Nights Slightly up in April 2023 Tourism

Tourism Nights Slightly up in April 2023


Producing journalism that is worthy of the name is a costly business. For 27 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.