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Hungary’s Energy Supply Secure Despite Ukrainian Oil Transit Disruption

Recent statements by Hungarian government officials suggest that the threat to Hungary’s energy supply is being addressed. In July, Kyiv decided to cut off supplies from Russia’s Lukoil to Hungary. Since then, intensive negotiations have commenced, and Hungarian oil giant…

MOL Increases Renewable Fuels with Significant Biofuel Production Boost

MOL supplies nine countries with fuel that includes biodiesel or bioethanol, and in some cases, other renewable materials. The Hungarian oil giant has been involved in biodiesel production since 2008 through Rossi Biofuel Ltd, significantly increasing the volume of biofuels…

Hungary Prepares for EU Presidency With an Eye on Boosting Competitiveness

One of the main priorities of the Hungarian EU Presidency, which starts in July, is to increase the EU’s competitiveness. Preparations are already well underway, and on Tuesday, Hungarian Prime Minister Viktor Orbán met with the leaders of the European…

Hungary’s Real Estate Excellence in the Spotlight in Singapore after FIABCI Award Recognition

At the award ceremony held in Singapore on 30 May, Hungarian real estate projects won three gold and one silver medal. The MOL Campus secured two first prizes, winning gold in both the office building and the environmental architecture categories….

Hungarian Visit to Brunei: A New Pillar for the Rise in EU–ASEAN Trade Relations

The recent visit of Hungarian Foreign Minister Péter Szijjártó to Brunei underscores Hungary’s strategic intent to strengthen its relationships with burgeoning economic regions, notably the Association of Southeast Asian Nations (ASEAN). It also signals one of Hungary’s foreign affairs objectives…

Viktor Orbán: Hungarian Economy Set to Break Free from Unilateral Dependencies

In his remarks at the inauguration of MOL’s new plant in Tiszaújváros, the Prime Minister emphasized that an important element of the Hungarian industrial strategy is to incentivize Hungarian companies to enter foreign markets using state resources….

MOL Discovers New Oil Deposit in Hungary

The new oil deposit has been found by MOL in collaboration with another Hungarian company, O&GD Central Ltd. The new site is currently producing around 1,000 barrels of crude oil per day….

MOL Unveils Central Europe’s Largest Green Hydrogen Plant in Hungary

Mol CEO József Molnár emphasized that the technology’s implementation will lead to a reduction in emissions equivalent to removing about 5,500 vehicles from the roads….

MOL Group’s Deputy CEO Discusses Landmark Changes in Waste Management with Former President János Áder

The comprehensive discussion covered diverse aspects of waste management, showcasing MOL Group’s commitment to sustainable practices and environmental responsibility….

Minister Navracsics: EU Funds Likely to be Unlocked Soon

The minister explained that the negotiations’ next phase, according to plans, will commence this Thursday. The goal of the government is to start the financing of EU projects as soon as the negotiations regarding the authorizing of the release of…

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