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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.’…

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…

A Year of Western Sanctions — What Has Been Achieved?

The war in Ukraine has been ravaging European economy for the past year. Marking the recent one-year anniversary of the invasion, this article looks at the economic sanctions imposed upon Russia and assesses their effect….

Hungarian Companies to Help Rebuild Nagorno–Karabakh

The Hungarian government has offered a €25,000 grant for demining the war-torn Nagorno-Karabakh region only weeks after the two countries struck an agreement about importing green energy from Azerbaijan to Hungary….

Renewable Energy Powers More and More Facilities in Hungarian Cities

On his Blue Planet podcast, János Áder, former President of Hungary sat down to talk to the mayors of Kaposvár and Debrecen to discuss the progress the cities have made regarding their commitment to reduce their carbon footprint by 80…

Szijjártó in Belgrade: Our Gas Transit is Secure

Péter Szijjártó said the process of doubling the capacity of the gas interconnector between Serbia and Hungary by 2028 is on pace. With the two new nuclear power units at the Paks plant set to enter commercial operation in the…

The Baku-Budapest Strategic Partnership is a Leap Towards Ensuring Hungary’s Energy Security

The level of cooperation between Baku and Budapest was raised to the next level this week by the signing of a declaration on enhanced strategic partnership….

Profiteering Unveiled — Brussels Wants Cheaper Gas from America

Energy-intensive industries are starting to migrate to America because of the much cheaper gas and electricity available there—POLITICO cited Belgian chemical giant Solvay as an example, which recently announced that it would no longer make any investments in Europe and…

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