Hungary

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

The project is expected to benefit around 33,000 people

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

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

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

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 […]

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 […]

The International Energy Agency (IEA) has praised Hungary’s efforts and highlighted the need for more competition in the sector. The country’s National Energy Strategy to 2030 aims to ensure a sustainable and secure energy sector while supporting the competitiveness of the economy. The IEA says it was successful in developing wholesale markets for gas and […]

The European Commission has approved Hungary’s financial support for the construction of two new nuclear reactors. The Hungarian Government plans to provide funding for the 2,000MW Paks II nuclear power plant, replacing the four reactors currently operating at the Paks site which were built in the 1980s. It is also backed by Russia, with the […]

A loan totalling €100 million (£74m) has been granted to Budapest to support improvements in the fields of energy efficiency and environmental protection. The cash will also be used by the Municipality of Budapest to implement schemes in other areas such as waste, water, renewables and regeneration. The projects are expected to contribute to the […]