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

EU refers Germany and Hungary to court over third energy package

It consits of key provisions for the proper functioning of energy markets to the benefit of consumers

Finance options explored for Hungarian smart cities

The European Investment Bank (EIB) has signed an agreement with a Hungarian bank and investment hub to explore the feasibility of creating a smart city and transport investment hub in the country. It will work with the European Investment Advisory Hub (EIAH) and Hungary’s Development Bank (MFB) to identify how to capitalise on the nation’s […]

EU approves Hungary’s renewable support scheme

The European Commission has given the green light for Hungary’s new support scheme for renewable energy. The initiative, with a yearly budget of around €146 million (£129m) provides state support for green projects, either through a Feed-in Tariff or a price premium. Feed-in tariffs will be limited to small installations below 500kW and demonstration projects […]