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.

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