Ministry: State could oversee elevator maintenance

Telco

Not long after Hungarian daily Népszabadság reported that thousands of elevators would either be replaced or refurbished by 2020, the National Economy Ministry suggested that the state take over tasks related to the annual review and maintenance of elevators, state secretary Béla Glattfelder told commercial television channels RTL Klub and TV2 yesterday.

Glattfelder argued that "it will cost far less to people if these tasks are carried out by state-owned non-profit companies in the future and not by profit-oriented businesses".

In a similar move to nationalize private enterprises, on January 23, the Hungarian government mandated that the First National Utilities Company (ENKSZ) launch its business with share capital of HUF 1 bln and capital reserves of HUF 14 bln. ENKSZ is scheduled to begin operations by February 28.

ADVERTISEMENT

40% of CEE businesses fear bankruptcies without bailouts Analysis

40% of CEE businesses fear bankruptcies without bailouts

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.