Hungary increases dependence on Russian gas through new contract with Gazprom
The Hungarian government signed an agreement with Gazprom to increase the volume of gas delivered by the Russian state company,…
Hungary grants the license for two new reactors at Paks nuclear power plant
Hungary’s Atomic Energy Authority has granted construction licenses for two new reactors at the Paks nuclear power plant, which are…
Hungary eliminates the cap on energy prices for high-consumption households
Hungary will eliminate the cap on energy and gas prices for higher-consumption households from August 1, the Budapest Government announced…
Hungary: Only Hungarian cars will be able to buy fuel at reduced prices from Friday
Only cars registered in Hungary will be able to buy fuel at government-capped prices from Friday, while cars registered abroad…
Hungary will tax extra high-profit companies, income will go to the military and energy subsidies
Hungary will force banks, telecommunications companies, insurance companies, airlines, the energy sector and large supermarket chains to pay a large…
EU splits on Russian oil and gas ban
In Romania, neither the government nor President Iohannis have spoken about a ban on Russian energy. However, they are nevertheless…
Electrica Furnizare obtained the license to operate on the Hungarian electricity market
The Hungarian Energy and Utilities Regulatory Authority (MEKH) has granted the Electricity Trading License for EFSA, Electrica’s supply subsidiary, the…
Photon Energy Group Connects First Merchant PV Power Plant for its IPP Portfolio in Europe
Photon Energy has completed and grid-connected a photovoltaic power plant with a capacity of 1.3 MWp near the municipality of…
Hungary has signed the 15-year contract with Gazprom
Hungary signed a new 15-year natural gas purchase agreement with Gazprom, which will ensure its long-term energy security, Hungarian Foreign…
Hungary and Russia – new long-term gas supply agreement
Hungary has negotiated with Russia all the terms of a new long-term gas supply agreement, which will enter into force…
The price paid by Romanians for electricity has risen faster than the European average in the last 11 years
The price paid by the population for electricity has increased by 50% since 2009; more than half of the increase…
Hungary has a 15-year deal with Russian group Gazprom
Hungarian Foreign Minister Peter Szijjarto signed a 15-year gas supply agreement with Russian group Gazprom on Thursday, which will take…
Hungary has inaugurated a 100 mln. euro solar power plant
Hungary has inaugurated the country’s largest solar power plant, built by China National Machinery Import and Export Corporation (CMC) near…
Photon Energy develops solar projects of more than 790 MW, 10% in Romania
Photon Energy currently develops solar projects of various sizes totaling over 790 MW worldwide, of which 77 MW in Romania…
Photon Energy and Lerta enter strategic partnership for expanding activities in Hungary and Romania
Photon Energy N.V. announced a strategic partnership with Lerta, a Polish next-generation energy company. The partnership is intended to strengthen…
Transelectrica increased cross-border capacity by 1,000 MW in 2020
Transelectrica announces that as of 1 January 2021 it will ensure a cross-border capacity of 2.800 MW for export and…
Agreement for the EU multiannual budget and for the economic recovery plan of 750 billion euro
The leaders of the European Union and of the other EU institutions reached an agreement during the European Council meeting…
MOL completes a new research and development center in Hungary
MOL has inaugurated the new polyol research and development center, named after György Mosonyi, late CEO of MOL, in Százhalombatta,…
A new contract between Transgaz and Gazprom is in the final phase
Transgaz announced the completion, on Sunday at 16:15, of the works on the company’s most important investment project, worth almost…
Hungary, Poland block 2021-2027 EU budget, recovery package
Hungary and Poland blocked on Monday the adoption of the 2021-2027 budget and recovery fund by European Union governments because…
Hungary agrees new gas deal with Gazprom
Hungary has agreed to buy 6.2 billion cubic metres of natural gas from Gazprom and will begin talks on a…
Eurostat: Hungary and Romania, the most significant decline in industrial production in the EU in April
Industrial production fell by 17.1% in the euro area and by 17.3% in the European Union in April compared to…
Lignite phase-out in SEE countries: the later it happens, the more it costs
A total of 3.7 billion EUR for regional development would secure a just transition for coal phase-out in three SEE…