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energy prices

Budapest Municipal Assembly Adopts ‘Survival Programme’, Karácsony Blames Government for Financial Woes

The ‘survival programme’ was approved with 18 votes in favour and 12 abstentions. As a result, the city will take out a 16.6 billion forint loan for project development in 2023. The loan is going to match the support provided…

MEP Calls on Brussels and the Left to Stop Thwarting Energy Storage Development

Fidesz MEP András Gyürk emphasised that creating modern energy storage facilities is a costly endeavour, so he called upon the European Commission to ‘provide immediate access to each member state to the funds they are entitled to.’…

Opinion Poll Shows Satisfaction With Utility Cost Reduction

While last September, only 40 per cent were satisfied with the transformed utility cost reduction scheme, by March this year the same number rose to 49 per cent. Additionally, the percentage of those dissatisfied dropped from 52 to 44 per…

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….

Szijjártó: Energy Market Situation ‘Lethal’ for Competitiveness

The minister emphasised that the current situation is lethal for Europe’s competitiveness, with gas prices seven times higher than in the United States and electricity three times higher than in China. ‘Under the current circumstances, the solution is to focus…

Inflation Has Reached Young Adults in a Relatively Good Financial Position, But Most Are Saving

In a recent survey by the Youth Research Institute, more than half (52 per cent) of young Hungarian adults polled said that despite the current inflationary environment, they are able to live well on their income, with a further three…

Second Wave of Pro-Russia Protests in Moldova

Worries grow about Moldova’s stability as the second wave of pro-Russian protests erupted in Chișinău and Wizz Air temporarily suspended its flights due to repeated violations of Moldova’s airspace by Russian missiles….

Hungarian Utility Costs Still Among the Lowest in Europe

The Finnish energy consultancy company VaasaETT recently issued a report that shows Hungarian utility costs to be the lowest in the entire EU….

As New Sanctions Threaten European Energy Supplies, Hungary Remains Exempt

On Sunday, the second phase of the sixth package of anti-Russia sanctions was introduced. The EU has now banned the import and re-export of processed petroleum products from Russia. The Hungarian government, however, managed to secure an exemption….

Soaring Energy Prices to Set Back the Spread of Electric Vehicles

To meet the demand for electric vehicles, the Volkswagen Group intends to establish a total of six new battery plants around Europe by 2030. However, the project may become unfeasible if energy prices continue to rise….

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