Paks Nuclear Power Plant

Hungary seeks to expand energy cooperation with Türkiye: Envoy

Hungary is keen to expand bilateral energy cooperation with Ankara, Hungarian Ambassador in Ankara Viktor Matis has told state-run Anadolu Agency.

Matis said the bilateral agreement between Türkiye and Hungary "is a good start," referring to a 2023 deal between Turkish BOTAŞ and the Hungarian MVM CEEnergy company in which Ankara began exporting natural gas to Budapest.

Hungary to Veto EU Nuclear Sanctions against Russia

Hungary will veto European Union sanctions against Russia affecting nuclear power, Prime Minister Viktor Orban told state radio on Friday, Reuters reported.

Ukraine has called on the EU to include Russia's state nuclear company Rosatom in the sanctions, but Hungary, home to a Russian-built nuclear power plant that it plans to expand with Rosatom's help, has blocked that.

Democracy Digest: Orban Urged to Cancel Putin talks as Region Vows Help for Ukraine

Hungary's united opposition urged the government to call off the meeting, which they labelled detrimental and contrary to Hungary's national interests. Russia's demands are aimed at restoring the former Soviet sphere of influence, the parties wrote in a statement.

Putin Promises Hungary Funds for Paks NPP

Russia is ready to finance fully the expansion of the only nuclear power plant in Hungary, stated Russian President Vladimir Putin after meeting Hungary's PM Viktor Orban in Budapest, cited by RIA Novosti.

The new units of the Paks NPP cost EUR 12 B. The current agreement for the completion of the nuclear power plant is for Russian credit of up to 80% of the price of the project.

Hungary to Classify Paks NPP Expansion Deal for 30 Years

Hungarian Parliament approved on Tuesday the classification of some data in the contract on the expansion of the Paks nuclear power plant for a period of 30 years rather than 15.

Hungary will take EUR 10 B loan from Russia for the upgrade of its only nuclear power plant, which will be constructed by Rosatom, Daily News Hungary reports.