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Paks Nuclear Plant Expansion Achieves Critical Milestones

Crucial milestones regarding the expansion of the nuclear plant in Paks are the construction of the containment structure and the reactor vessel, of which the former has been completed, while the manufacturing of the latter is set to commence shortly….

Hungarian Green Energy Goals: Industrial Developments and Grid Integration by 2030

Industrial power plants and storage facilities can be connected to the grid by 2030, the Ministry of Energy announced. The current energy storage capacity of only twenty megawatts could increase twentyfold by 2026 and fiftyfold by 2030….

Hungary’s Solar Industry Surges with Remarkable Growth

The target of six gigawatts was originally set to be achieved by 2030. However, since Hungary has already reached this goal, the government has raised the target to twelve gigawatts by the end of the same period….

EU Parliament Takes Action to Safeguard Consumers from Energy Market Manipulation

The adopted amendments to the Regulation on Wholesale Energy Market Integrity and Transparency, designed to respond to the energy crisis, cover new trading practices such as algorithmic trading and strengthen reporting and monitoring requirements to protect consumers from market abuse….
An Iver Huitfeldt-class frigate of the Royal Danish Navy leaves the port of Korsør on 29 January 2024 for the Gulf of Aden to join the international task force patrolling the Red Sea.

Something Is Wrong with Europe

‘How are Europeans supposed to afford the welfare state and support migrants and pay for higher energy prices and pursue remilitarization and revive their economies on the same income without taking on any more undue debt, which is already considerably…

Brussels’ Climate Goal: Ambitious But Not so Clever

Brussels recently unveiled its climate target, adjusted in the wake of the farmer protests. However, the ambitious plan is still founded on a flawed approach: the EU is prioritizing mitigation over adaptation, imposing a greater financial burden on member states…
Péter Szijjártó with Qatari Finance Minister Ali bin Ahmed Al Kuwari in Doha on 31 January 2024.

Foreign Minister Discusses Purchase of Qatari LNG, Hungarian Hostages in Hamas Captivity in Doha

Péter Szijjártó welcomed the continuous development of bilateral economic relations and the breaking of export records. He also praised Qatar’s role in the release of some hostages abducted by Hamas, including three Hungarian citizens, and revealed that another Hungarian citizen…

German Discontent Rises Due to Centre-Left Government’s Policies

The analyst emphasized that a severe economic crisis has unfolded in Germany, partly due to the misguided sanction policy and the energy crisis resulting from the shutdown of nuclear power plants….

Hungarian Citizens Continue to Pay the Lowest Utility Fees in the EU

Speaking at the opening of an MVM customer service office in Nagykáta, Pest County, Zsófia Koncz emphasized that since 2013, the government has considered keeping the utility cost reduction programme in place a top priority….

Hungary Aims to Produce Fifty Per Cent of Electricity Sustainably by 2030

State Secretary of the Ministry of Energy Gábor Czepek told former President János Áder in the latest episode of the Blue Planet podcast that the Hungarian government’s goal is to produce at least 50 per cent of electricity sustainably by…

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