News in Brief
Hungary to become self-sufficient in electricity supplies
Thanks to the expansion of the Paks nuclear power station and investment projects in solar energy, Hungary is set to become self-sufficient in terms of electricity supplies.
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News in Brief
Paks nuclear power plant contract to be modified
Hungary will start repaying the Russian loan for the project in 2031 rather than from 2026 as originally planned.
News in Brief
PM Orbán meets Rosatom director to discuss Hungary’s Paks nuclear plant upgrade
The PM’s press chief said the meeting confirmed that the construction of two new blocks at the plant is proceeding according to schedule, and in compliance with Hungarian and European...
News in Brief
Paks receives HUF 4 billion for development projects
Péter Szabó noted that the town of 19,600 inhabitants expects to see an influx of some 10,000-12,000 people during the construction of the nuclear plant and a growth of some...
News in Brief
Rosatom reviews progress at Paks nuclear power plant
Rosatom Director General Alexey Likhachev has visited the Paks nuclear power plant to inspect progress on the site upgrade.
News in Brief
Paks nuclear power plant upgrade begins
The capacity expansion of Hungary’s Paks nuclear power plant in central Hungary began on Thursday with the construction of the ancillary buildings.
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Government to ensure Hungary’s energy demands from two main sources: nuclear power and renewable sources
During a Q&A session in Parliament, Prime Minister Viktor Orbán said Hungary needs the capacity expansion of its only nuclear plant in Paks in order to meet its climate goals.
News in Brief
New solar power plant opens in Paks
Built at a cost of 9 billion HUF (28.5m EUR), the new solar plant will have an output of 20.6 megawatts, and will serve over 8,500 households
News in Brief
Further blocks should be added to Paks expansion plans, says minister
János Süli, minister without portfolio in charge of the upgrade of the Paks nuclear plant, suggested that two new blocks should be added to meet increased demand in future
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Paks II project to 'take care of Hungary's energy needs for 60 years'
The Paks II upgrade is one of the most important guarantees of the reduction of household utility charges, and while a Hungarian now pays 36-38 HUF for electricity per kilowatt, the Germans pay 90 HUF
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PM Orbán and President Putin focus on energy talks during Budapest meeting
President Putin said that, if necessary, Russia could raise its loan to fully cover the costs of the 12-billion euro Paks nuclear power project
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PM Orbán on Russia and EU sanctions: We ‘cannot treat non-economic problems with economic measures’
“It is hard to imagine a successful Hungary,” the prime minister said, “without establishing open, vigorous and fruitful economic and trade relations with one of the biggest players in the global economy”
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PM Orbán: Hungary's relationship with Russia is something to be cherished
Prime Minister Viktor Orbán held a joint press conference with Russian President Vladimir Putin in Budapest on Thursday. President Putin said that he was in agreement with PM Orbán about the need to strengthen cooperation in the fight against international terrorism