In 2007, a group of young Hungarians in their early twenties, taking advantage of changes in energy regulation, started the energy company MET. It has since grown into a global corporation with employees in 17 countries, generating revenues of €18 billion. Benjamin Lakatos, CEO of MET Group, gave a presentation on the lessons behind the success story to students of the Corvinus University.

As long as the existing supply routes are not damaged, there is no need to worry about whether there will be enough gas in Europe, says Benjamin Lakatos. The main owner and CEO of the now international MET Group says energy is a key issue for Europe, as it has become a highly competitive area. He sees the creation of a single European gas and energy market as a huge achievement.

"Based on the past year, I see that Europe has taken a huge step forward towards pragmatism" to improve its rapidly deteriorating competitiveness, but with 90% exposure to gas imports, it has to be very sensible in the face of geopolitical changes, Benjamin Lakatos told Portfolio in an interview. MET Group's CEO believes that European leaders need to apply serious changes in three to five areas.