Transelectrica increased cross-border capacity by 1,000 MW in 2020
Transelectrica announces that as of 1 January 2021 it will ensure a cross-border capacity of 2.800 MW for export and…
Agreement for the EU multiannual budget and for the economic recovery plan of 750 billion euro
The leaders of the European Union and of the other EU institutions reached an agreement during the European Council meeting…
MOL completes a new research and development center in Hungary
MOL has inaugurated the new polyol research and development center, named after György Mosonyi, late CEO of MOL, in Százhalombatta,…
A new contract between Transgaz and Gazprom is in the final phase
Transgaz announced the completion, on Sunday at 16:15, of the works on the company’s most important investment project, worth almost…
Hungary, Poland block 2021-2027 EU budget, recovery package
Hungary and Poland blocked on Monday the adoption of the 2021-2027 budget and recovery fund by European Union governments because…
Hungary agrees new gas deal with Gazprom
Hungary has agreed to buy 6.2 billion cubic metres of natural gas from Gazprom and will begin talks on a…
Eurostat: Hungary and Romania, the most significant decline in industrial production in the EU in April
Industrial production fell by 17.1% in the euro area and by 17.3% in the European Union in April compared to…
Lignite phase-out in SEE countries: the later it happens, the more it costs
A total of 3.7 billion EUR for regional development would secure a just transition for coal phase-out in three SEE…
Hungary announces a new gas pipeline
Hungary announces the creation of a new pipeline that will increase the transport capacity from Serbia by 60%, according to…
Transgaz teams continue to work on development projects; over 550 people work at BRUA
So far, all the development projects of Transgaz are carried out normally, announces the operator of the national natural gas…
Energy prices are falling, in line with the region, as demand dwindles
Bogdan Tudorache Spot market prices in Hungary and Romania fell for Saturday trades by about 11% compared to the previous…
Photon Energy grows global portfolio to 57.1 MWp with the commissioning of 8 PV plants in Hungary
Bogdan Tudorache Photon Energy announced that its Hungarian subsidiary has completed and grid-connected eight photovoltaic power plants with a total…
Croatian court finds head of Hungary’s MOL, Croatia’s ex-PM guilty of bribery
A Croatian court ruled on Monday that the head of Hungarian energy group MOL and Croatia’s former prime minister were…
Hungary says ready to talk to Gazprom about new gas supply deal
Hungary is ready to start talks with Russia’s Gazprom about a new long-term gas supply deal, Hungary’s Foreign Ministry said…
Isarescu about the adoption of the euro: I foresee a strong debate on ideas
The Governor of the National Bank of Romania, Mugur Isarescu, said on Tuesday at the Romanian Academy that he foresees…
The resumption of imports on the Ukrainian route increased by 16% the quantity of gas entering Romania
Domestic companies increased their gas imports in August by over 16% or 313 GWh compared to July, in particular as…
Gazprom’s year-to-date gas supplies to Hungary exceed 2018 overall volume
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and…
Romania imported more electricity from Hungary in August
Romania had, in August, a status of net electricity importer from Hungary as a result of the decrease of hydro,…
By February 2020, Transgaz wants to set up the company that will operate the Romanian gas hub
Transgaz has signed a cooperation agreement with the Austrian Central European Gas Hub AG – CEGH to establish the gas…
Hungary’s response to risks related to natural gas supply (Interview with Pál Ságvári)
Pál Ságvári, Ambassador-at-Large for Energy Security, Ministry of Foreign Affairs and Trade of Hungary talks about energy security, diversification of…
Hungary and Romania had the highest growth rates in the EU in Q2
Hungary recorded, during the period April-June 2019, compared with the previous quarter, the most significant advance of the economy in…
Romania recorded the highest energy spot price in the region on Wednesday
The average price of electricity on the spot stock market, with delivery on Wednesday, on the Romanian market was of…
Franck Neel (FPPG): We have the solution in finding the vulnerable consumers
What we have done, with GEO 114, was to subsidize the Russian gas, putting a cap for local producers, Franck…