KazMunayGas plans to take over Lukoil refinery in Bulgaria
Kazakh group KazMunayGas, owner of the Petromidia refinery, has submitted a bid to take over the Bulgarian refinery of the…
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Viktor Orban
Protests in eastern Hungary against a Chinese electric battery mega-factory
In eastern Hungary, workers are preparing to build the largest battery factory for electric cars in Europe, to the displeasure…
Hungarian Government increases to 95% the special tax paid by the Mol Group
The Hungarian government will increase from 40% to 95% the special tax paid by the local oil and gas group…
Hungary to invest 16 bln. euro until 2030 to reduce dependence on gas imports
Hungary plans to invest 16 billion euro by 2030 to increase electricity production and storage capacity to reduce its dependence…
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 restricts once more access to capped fuel
The Hungarian Government has decided to restrict access to fuel with capped prices and will also release about a quarter…
Hungary is extending its cap on fuel until October
Budapest government has extended the price cap on fuel and some staple foods in Hungary until October 1, while the…
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…
Romania, alongside France and CEE urge EU to actively support nuclear power
Bogdan Tudorache A group of seven European leaders including Romanian prime minister Florin Cîțu, fronted by French President Emmanuel Macron,…
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 diversifies production by building a rubber factory
MOL Group’s and JSR Corporation’s synthetic rubber plant (S-SBR) has been inaugurated on Monday. The plant employs cutting edge technology…
Hungary plans big boost in solar power generation
Hungary will relax rules on the construction of small solar power plants and subsidize loans to landowners as part of…
Hungary defies EU and greenlights South Stream pipeline
Hungary’s parliament approved a law that would open the way for the construction of the Russian-backed South Stream natural gas…
