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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…

Foreign Minister Highlights Importance of Nuclear Energy in Abu Dhabi

The minister held talks with ministers and was part of an energy conference panel discussion, where he emphasised the importance of renewable energy, electric vehicles and nuclear power….

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…

State of Emergency to be Extended by Six Months

According to the law sponsored by the justice minister, an extended state of emergency is needed to handle the humanitarian catastrophe caused by the war in Ukraine and to tackle the economic consequences of the armed conflict. The bill was…

Hungary and Serbia Prepare to Build New Oil Pipeline

‘Hungarian-Serbian strategic energy cooperation is one of the guarantees that Hungary’s supply will remain secure in the next period,’ the minister said….

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….

Péter Szijjártó Reaches Agreements in Moscow

The foreign minister emphasised right after winter, ‘in Europe, it is fashionable to strut about with great bravado these days,’ but the International Energy Agency recently issued an ‘ominous’ report indicating that the most severe difficulties are expected to come…

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