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President of Uzbekistan Shavkat Mirziyoyev and President of Azerbaijan Ilham Aliyev hold a meeting at Ak Saray Presidential Palace in Tashkent, Uzbekistan on 23 August 2024.

Azerbaijani and Uzbek Green Energy to Be Exported to Europe through Hungary

Hungary has been proactive in building strong economic ties and investing in energy production in Kazakhstan, Azerbaijan, and Uzbekistan. Hungarian companies, such as MVM and MOL groups, play a key role in oil production in Kazakhstan and natural gas production…

Reduced-Price Natural Gas Amounts to Be Calculated with Simplified Method from August, Hungarian Energy Group Announces

From 1 August 2024, MVM will automatically adjust and record the amount of discounted natural gas at the reduced utility price for each day in the case of temperature-dependent monthly billing….

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…

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….

Hungarians Still Pays the Lowest Electricity and Gas Prices in the European Union

Despite the sanctions and the war driving up energy prices, the Hungarian measures to combat inflation and price increases are undeniably working. While EU countries scramble to look for new avenues to import electricity and gas, the Hungarian plans and…
Power plant - illustration.

Bidding Phase of Two New Hungarian Power Plants to Begin Soon

The ministry emphasised that combined cycle gas turbine power plants can be built relatively quickly, have exceptionally high efficiency, low specific carbon dioxide emissions, and their capacity can be adjusted to consumption levels….
Ikarus electric buses of the Volán fleet.

Electric Fleet Expansion Puts Volánbusz on Course for Eco-Friendly Operation

By replacing diesel-powered vehicles, Volánbusz’s electric fleet eliminates approximately 5,500 tonnes of carbon dioxide annually, equivalent to the annual carbon dioxide emissions of 2,000 passenger cars….
Government spokesperson Alexandra Szentkirályi speaking at the inauguration of the new MVM solar plant in Szeged.

Spokesperson: Government Continues to Work Toward Energy Security

During the inauguration of a new solar power plant established by the MVM Group, Alexandra Szentkirályi stated that due to the war in Ukraine and the imposed sanctions, a very challenging energy situation has emerged. Therefore, the government’s most important…

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