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energy crisis

Hungarians Still Pays the Lowest Electricity and Gas Prices in the European Union

Despite the sanctions and the war driving up energy prices, the Hungarian measures to combat inflation and price increases are undeniably working. While EU countries scramble to look for new avenues to import electricity and gas, the Hungarian plans and…

Hungary and Slovakia Sign Agreement on Nuclear Cooperation

Hungary and Slovakia recently signed a cooperation agreement on nuclear energy with the goal of coordinating research between the two countries and making joint efforts to apply the latest technologies….
Péter Szijjártó (R) and his Azeri counterpart in Budapest on 4 September 2023.

Szijjártó: Brussels Lost Every Right to Tell Hungary where to Buy Gas From

‘Since the European Union currently refuses to contribute to the financing, Brussels has lost any right to intervene in where Central European countries, including Hungary, source their natural gas from,’ Péter Szijjártó stated….

Viktor Orbán Holds Talks with Turkish President

The energy cooperation between the two countries will gain a new dimension as gas supplies will soon also originate directly from Turkey, following the finalisation of an agreement between MVM and Botas for the purchase of 275 million cubic metres…
Mihály Varga speaking at the Gombaszög Summer Camp on 15 July 2023.

Mihály Varga Discusses Positive Outlook of Hungarian Economy

Enumerating the factors strengthening the positive outlook for the economy, the Hungarian finance minister stated that the country’s export performance is very good, and in terms of population, Hungary ranks 94th among the countries of the world, while it stands…

MCC Brussels Presents New Study on EU Energy Policies

James Woudhuysen, the author of the study and a guest professor at London South Bank University, stated that the EU energy policy and decision-making are more ‘performative’ than effective, and the related decisions have not improved but rather worsened the…

European Commission Approves Paks Expansion Plans

‘Hungary has submitted the draft contract modifications to the European Commission, and we received the green light from them yesterday,’ Minister of Foreign Affairs and Trade Péter Szijjártó announced….

Foreign Minister Confirms Construction of Hungarian-Serbian Pipeline

The minister reported at a press conference following the meeting of the Hungarian-Serbian Economic Joint Committee that the contract for the planned oil pipeline, to be established in cooperation between Mol and Transnafta, will be signed at the 20 June…

Utility Cost Reduction Programme Available the Entire Year

Europe and Hungary were fortunate to have a mild winter, but ‘a country’s leadership cannot make an unequivocal bet that this will always be repeated,’ Energy Minister Lantos warned. Therefore, the government has decided to raise the level of the…

Péter Szijjártó: Bangladesh and Hungary Belong to the Peace-Loving Global Majority

Hungary and Bangladesh belong to the peace-loving global majority, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said in a joint press conference with Bangladeshi Commerce Minister Tipu Munshi in Budapest on Friday….

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