Viktor Orban

EU gives green light for Hungarian nuclear deal with Russia

Thursday, April 23, 2015

Hungary said Monday that the EU's nuclear body Euratom has signed a fuel supply agreement, clearing the way for Russia to build the extension of the country's sole nuclear plant.

Under the deal -- agreed with Euratom at the end of March -- Russia will be able to supply fuel for two new reactors at the Paks plant in central Hungary over a 10-year period.

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Hungary cuts off natural gas shipments to Ukraine

Monday, September 29, 2014

BUDAPEST, Hungary (AP) — Hungary unexpectedly cut off natural gas shipments to Ukraine on Thursday, days after getting assurances from Russian supplier Gazprom that it would get enough deliveries to fill up its own gas storage facilities.

Hungary had been sending an estimated 3 million cubic meters of natural gas a day to Ukraine, which has not received any from Russia since June. But FGSZ, Hungary's gas transmission firm, said it suspended the flow to Ukraine indefinitely to ensure pipeline capacity for incoming deliveries as it builds its own reserves.

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Hungarian MPs approve Russia nuclear deal

Friday, February 7, 2014

Hungarian lawmakers have approved a controversial Russian-financed plan to construct two new reactors at the country's only nuclear plant.

Under the deal, Russia will lend Hungary up to 10bn euros (£8.3bn) to build the reactors in the city of Paks.

The government says the bill - which was passed by 256 to 29 votes - will reduce reliance on foreign sources.

But critics argue it will make Hungary fully dependent on Russia, which is already its main oil and gas supplier.

The European Union also expressed concern over the deal's lack of transparency and fair competition.

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Hungary soon to clinch Russian loan for nuclear plant project

Monday, January 27, 2014

BUDAPEST, Jan 26 (Reuters) - Hungary's development minister said on Sunday the government should soon complete talks with Russia on a multi-billion dollar sovereign loan that would enable it to start work on two new nuclear reactors.

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban signed an agreement earlier this month on a project to add 2.4 gigawatts of nuclear generation capacity at the Paks nuclear plant, more than doubling Hungary's current level.

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Hungary PM to meet Russia's Putin, nuclear deal likely

Tuesday, January 14, 2014

Jan 13 (Reuters) - Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin will meet in Moscow on Tuesday, the Kremlin said on Monday, and a diplomatic source said they were likely to sign a nuclear cooperation deal.

Hungarian daily Nepszabadsag reported on Saturday that Hungary could soon sign a deal for Russia's state-owned Rosatom to build new blocks at the 2-gigawatt Paks nuclear power plant south of Budapest.

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Four Central European states urge EU to support nuclear energy

Tuesday, October 15, 2013

BUDAPEST, Oct 14 (Reuters) - Poland, the Czech Republic, Slovakia and Hungary want the European Union to support nuclear energy projects and not to over-regulate the area, Prime Minister Viktor Orban said on Monday after a summit of the "Visegrad Four" countries.

The four also threw their backing behind shale gas extraction in Europe, and agreed to set up a natural gas market forum with the aim of fostering a regional gas market, which will convene in Budapest this month, Orban said.

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