Latest news with #Hungarian-owned
Budapest Times
11-04-2025
- Business
- Budapest Times
Big telecommunication service providers will not raise fees until July 1, 2026
The prime minister said the continuation of price reductions was the most important topic discussed at a cabinet meeting on Wednesday. In a video message posted on social media on Wednesday, Prime Minister Viktor Orbán said big telecommunication service providers would not raise their fees until July 1, 2026. PM Orbán said telcos that had raised fees earlier would roll those back to levels on January 1. He noted that those fees applied to television, internet and mobile subscriptions, too. PM Orbán said the continuation of price reductions was the most important topic discussed at a cabinet meeting on Wednesday. He added that National Economy Minister Márton Nagy had reported on talks with telcos. Agreements have been reached with telcos, and the biggest Hungarian-owned telco also pledged to introduce new, preferential fees for retail subscribers, PM Orbán said. He said that prices on food products in 30 categories had been cut successfully thanks to a government-mandated cap on markups. Banking and telecommunication services prices, which have 'risen significantly' in the recent period, are 'next in line', he added. 'The banks are getting ready, we're continuing the price reductions,' he said.
Budapest Times
27-02-2025
- Automotive
- Budapest Times
University develops automated charging system for cars
GANZ KK Kft. and the University of Dunaújváros have developed an automated, robotic and remote-controlled system for charging electric cars. The total costs amount to 1.1 billion forints. The project was subsidised with almost 800 million forints from the National Innovation Fund and represents a significant innovation on an international level. The charging system is able to recognise properly parked vehicles, select the charging socket and connect or disconnect them from the vehicle using a robotic arm, without the need for human intervention. As a single charging container can supply up to four vehicles simultaneously, the system can also help companies to optimise charging times according to the specifics of their energy system. Not only the complete finished product, but also the individual modules are to be sold separately, which would shorten the amortisation period of the investment. All of KK is 100% Hungarian-owned. The low-voltage electrical switchgear manufactured by the company is used as control and protection components in power generation and distribution, mechanical engineering, the construction and chemical industries, agriculture and private households. In 2023, GANZ KK Kft. generated net sales of HUF 3 billion and a minimal profit after tax.
Yahoo
21-02-2025
- Business
- Yahoo
Hungarian foreign minister reveals how Hungary helped supply gas to Transnistria at Russia's request
A gas trader with Hungarian capital signed a contract to supply gas to the unrecognised region of Transnistria. Source: Hungarian news portal as reported by European Pravda Details: Hungarian Foreign Minister Péter Szijjártó confirmed at a press conference with the Secretary General of the Freedom Party of Austria (FPÖ) on Friday, 21 February, that a few weeks ago, he was approached by the Russian deputy prime minister responsible for energy regarding this issue. Quote from Szijjártó: "I then held negotiations with several Hungarian-owned energy companies, as well as with the Moldovan foreign minister, and as a result, a company with Hungarian capital will indeed transport natural gas to the region of Transnistria." Szijjártó didn't name the company involved. Background: Until 10 February, Transnistria received gas through the first tranche of European aid. However, it later refused further EU assistance and announced plans to purchase gas using loan funds provided by Russia. On 11 February, Moldova's state gas supplier, Moldovagaz, transferred 3 million cubic metres of gas to Transnistria "on credit" to maintain the stability of the gas transport system. On 12 February, it was reported that Moldovagaz purchased 2.59 million cubic metres of gas for Transnistria on the Romanian exchange using a prepayment from Transnistrian gas supplier Tiraspoltransgas. On 14 February, Transnistria began receiving gas from a Hungarian company via Moldovagaz, paying for it with funds from a Russian loan. Support Ukrainska Pravda on Patreon!
