State-owned company to coordinate waste management in Hungary
pixabay
One state-owned company will coordinate all waste management across Hungary from April 1, the state secretary for priority public services said at press conference today, Hungarian news agency MTI reported.
The National Waste Management Coordination and Asset Management Company was established with HUF 4.8 billion in start-up capital, said Zsolt Szabó.
The company will restructure the waste management invoicing system and undertake a survey of assets on the basis of which development can be optimized, he added.
Garbage pick-up fees will not increase as a result of the restructuring, but the standard of service will improve and some burdens related to recycled waste collection could be reduced, Szabó said.
Szabó said a conservative estimate of the annual loss of waste management activities in Hungary was HUF 13 bln. One-third of the countryʼs 171 waste management companies are loss-making, he added.
Under the new coordinator, the system is expected to operate as a non-profit and to break even, Szabó said.
Another goal is to raise the proportion of waste that is recycled in Hungary, he said. A European Union directive stipulates selective collection for half of all waste, and that rate is expected to increase, he added.
Local councils will continue to have autonomy in the area of public services, but the standard of service must become uniform across the country, Szabó said.
The government will discuss a strategy for waste incineration in the near future, he added.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
