Korean energy giant plugs $2.2bn into Hungarian battery plant

The 30GWh factory will cater for expected demand for batteries in Europe

EU bank invests €120m to modernise power network in Hungary

The financing will cover the costs of the reinforcement of the electricity supply network, refurbishment of substations, overhead lines and underground cables and the installation of advanced meters

EU injects €1.4bn of funding into green projects across seven member states

Green infrastructure projects in Croatia, Czechia, Hungary, Poland, Portugal, Romania and Spain will benefit from the EU funding

EU investigates €108m Hungarian state aid for Samsung battery plant

Samsung SDI is investing €1.2bn to expand the production capacity of lithium-ion cells and battery packs for electric vehicles in its existing plant located in Göd

Greece and Hungary to phase out coal by 2028 and 2030 respectively

The Greek Prime Minister and Hungarian President said their nations will rid themselves of the polluting fossil fuel to help reduce emissions and tackle climate change

EU conditionally clears E.ON’s takeover of innogy’s assets

The deal is subject to E.ON selling certain businesses in Germany, the Czech Republic and Hungary

Rolls-Royce to land Siemens’ electric aerospace business

The deal is expected to be completed towards the end of 2019 following employee consultation

EU funds €10m to upgrade wastewater systems in Hungary

The project is expected to benefit around 33,000 people

Audi drives forward with giant solar power plans

The project at Győr in Hungary will consist of 35,000 solar panels

EU seeks views on Transgaz offering to increase gas exports from Romania

The Commission has concerns the state-owned gas pipeline operator may have breached EU competition rules by restricting exports of natural gas from the country