New Ministry in the Hungarian Government

The Minister of Technology and Industry, László Palkovics is to leave his post, and a new energy ministry is to be established, the head of the Prime Minister's Office, Gergely Gulyás announced at an extraordinary press conference on Monday.

According to Minister Gulyás, the restructuring is justified by the war in the neighboring country and the sanctioned energy prices, and one of the most important issues at the moment is energy security and the price of energy. The new ministry, to be headed by Csaba Lantos, will also take over most of the powers of the Hungarian Energy and Utility Regulatory Authority.

László Palkovics submitted his resignation, which was accepted by the prime minister, Gulyás continued. According to the government spokesman, Palkovics justified his resignation by saying that he saw his ministry as a single portfolio and that he would not take over its leadership after the formation of an independent energy ministry. The Ministry of Technology and Industry (TIM) will be abolished and its tasks will be taken over by other ministries.

Csaba Lantos has excellent managerial skills, Gulyás said, and his experience in the energy sector is why he was chosen. The new minister will be in charge of energy stability and security.