Around 20% of Hungarian lifts need replacing

Telco

Some 6,000 passenger elevators in Hungary should be replaced for maintenance, meaning around 20% of all such machinery in use in Hungary, business daily Világgazdaság reported on Wednesday, citing data from the Hungarian Lift Association (MFSz).

Attila Kováts, head of the MFSz, said there are some 30,900 passenger lifts in use in Hungary, around 40% of which need repairs at the moment.

Kováts noted that some lifts in use today were installed before World War II, but even at bigger residential complexes there are many lifts that are now 40-50 years old.

Replacing a lift could easily cost HUF 15 million, meaning that replacing 20% of lifts used throughout the country could cost as much as HUF 90 billion, he said, adding that the MFSz has asked the government to consider providing financial support for replacement and repair work.

The modernization process might be accelerated by the relevant SNEL (Safety Norm for Existing Lifts) regulation of the EU, which determines that lifts older than 20 years must be renovated.

According to Kováts, implementing the regulation might be helpful in asking the EU to provide resources for modernization. On the other hand, SNEL specifies that all problematic lifts must be taken care of in ten years, which might pose a challenge, he added.

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya Analysis

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.