ADVERTISEMENT

Emfesz launches retail gas sales

Energy Trade

Emfesz, the biggest player on Hungary's deregulated gas market, started sales on the retail market on June.

Emfesz signed up 6,500 clients - drawn by promises of 8% lower gas prices - on its website gas.hu by the beginning of June, said sales and marketing director András Biczók at a press conference in Budapest on Thursday.

Hungary's retail gas market was deregulated from July 2007, but Emfesz is the first company to enter the market.

Emfesz sells 3 billion cubic meters of gas a year, or one-fifth of total consumption in Hungary. It controls about 70% of the deregulated gas market, supplying some 200 big industrial customers. The company had revenue of Ft 190 billion in 2007. (MTI – Econews)

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.