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Slovakia Vows to Halt Diesel Supplies to Ukraine Unless Kyiv Resumes Oil Transit

After Kyiv failed to restore the uninterrupted transit of Russian Lukoil’s oil shipments to Hungary and Slovakia via Ukraine, Slovak Prime Minister Robert Fico announced that Bratislava might stop diesel supplies to Ukraine. Slovak deliveries account for a tenth of…

Hungarian–Serbian–Sloven Regional Power Exchange to Start in Late 2024

In the second half of 2024 a regional power exchange known as the BlueSky Project is poised for launch, involving Hungary, Slovenia, and Serbia. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó stated in Budapest on Tuesday that the…

Hungary, Serbia, and Slovenia Forge Regional Electricity Exchange for Enhanced Energy Cooperation

The strengthening of the energy ties between the three neighbouring countries is set to enhance the efficiency and profitability of trading and reinforce Hungary’s energy sovereignty….

Reduction in Gas and Electricity Consumption in Hungary in 2023

Approximately 8.5 billion cubic metres of gas was used, indicating a decrease of 1 billion cubic metres, or 10.9 per cent, compared to the 2022 level, and a substantial 2.5 billion cubic metres, or 23 per cent, reduction compared to…

Less Russian, More French Energy? Alternative Fuel Suppliers to the Paks Nuclear Power Plant

Allowing alternative sources of fuel to Paks is a step closer to diversifying Hungary’s energy resources. Meanwhile, the French company Framatome is the expected winner of the proposal to develop the control hardware of the power plant….
Construction of the Bős-Nagymaros Dam in 1989.

How Blind Unilateralism (Almost) Destroyed the Hungarian Stretch of the Danube

The Budapest Treaty was a bilateral accord between Hungary and Czechoslovakia, aiming to establish the contractual framework for the construction of a complex waterworks system along the Hungarian–Czechoslovak section of the Danube. After Hungary unilaterally annulled the treaty signed on…
Power plant - illustration.

Bidding Phase of Two New Hungarian Power Plants to Begin Soon

The ministry emphasised that combined cycle gas turbine power plants can be built relatively quickly, have exceptionally high efficiency, low specific carbon dioxide emissions, and their capacity can be adjusted to consumption levels….
Slovak Foreign Minister Miroslav Wlachovský (L) and Péter Szijjártó at their joint press conference in Budapest on 3 July 2023.

Hungarian-Slovakian Relations a Key Factor in Budapest’s Foreign Policy, Péter Szijjártó States

At a joint press conference held with his Slovak counterpart in Budapest, Minister Szijjártó said both Slovakia and Hungary insist that the composition of the energy mix of member states should remain a national competence….
Government spokesperson Alexandra Szentkirályi speaking at the inauguration of the new MVM solar plant in Szeged.

Spokesperson: Government Continues to Work Toward Energy Security

During the inauguration of a new solar power plant established by the MVM Group, Alexandra Szentkirályi stated that due to the war in Ukraine and the imposed sanctions, a very challenging energy situation has emerged. Therefore, the government’s most important…

Budapest Energy Prices Remain the Lowest in the EU

Budapest energy prices were the lowest among capitals that are part of the European Union. As far as Europe is concerned, prices were the lowest in Kyiv, Ukraine….

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