Budapest Business Journal 2618

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HUNGARY’S PRACTICAL BUSINESS BI-WEEKLY SINCE 1992 | WWW.BBJ.HU

HUF 1,250  |  €5  | $6 |  £3.5

BUSINESS JOURNAL BUDAPEST

VOL. 26. NUMBER 18

OCTOBER 5 – OCTOBER 18, 2018

SPECIAL REPORT Energy

SPECIAL REPORT

Smart Meters yet to Catch on in Hungary Still regarded as too expensive, it will be a while yet before smart meters to replace conventional ones in Hungarian households.  14 SPECIAL REPORT

Solar Surging Ahead, but Still Overshadowed by Other Renewables

Growing Energy Efficiency

Solar power generation has been growing rapidly in Hungary. If the current pace of growth – driven in part by the previous feed-in tariff system – continues, the market is expected to see record levels of PV capacity deployed this year.  20

SOCIALITE

The Soul of Mantra Comes to Budapest Deva Premal and Miten, who play live in Budapest on October 8 with Nepalese musician Manose, have been called mantra music superstars. Their fans include Cher, spiritual teacher Eckhart Tolle and the Dalai Lama, who described their music as “beautiful”. 21

NEWS

Revised Deficit Data for 2017 Hungary’s state debt, calculated according to Maastricht rules, stood at 72.2% of GDP at the end of June 2018, up from 72.1% of GDP at the end of March, but down from 73.6% at the equivalent date of 2017, the MNB said in its report on preliminary financial accounts at the beginning of this month.  3

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Driven in equal parts by legislators, tenants and developers, Budapest’s offices are becoming ever more energy-efficient, says Mátyás Gereben, country manager of CPI Property Group Hungary. 12

BUSINESS

When Big Business Thinks Small Knorr-Bremse has partnered with Design Terminal to find startups to help the railway brake system maker modernize its internal processes. After a pre-selection process, the short-listed candidates participated in a three-day bootcamp where they pitched their ideas.  6


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