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Uber: We are in favor of market regulations

In spite of its growing popularity, mobile app based transportation network Uber, launched in Hungary last fall, has managed to reduce average waiting times to 4.5 minutes from 6.5 minutes, but hopes to reduce it further, to approximately 3 minutes, Uber’s local implementation manager Rob Khazzam told vg.hu. 

Uber is keen to engage in discussions with key decision makers and is open to co-operating with the government to set up a regulatory framework that will ensure a secure, environmentally friendly, and efficient alternative to traditional taxi services, Khazzam said. Uber Hungary Kft., incorporated in 2013 with a registered capital of HUF 500,000 and has a legal seat at law firm Nagy és Trócsányi Ügyvédi Iroda, a company affiliated with the current Minister of Justice, vg.hu added.