Articles by #hashtag

Energy industry

30 hits

PannErgy Reports Growing Sales Revenues

Aug 31, 2022

In the first half of 2022, PannErgy's consolidated sales revenues grew by 7% to HUF 3,686 million year on year, representing an increment of HUF 242 million. HUF 3,093 of the total sales revenue of HUF 3,686 million originates from the sale of heat, up 5% year-on-year. According to the executive summary of the H1 […]

Hungarian Foreign Minister in Moscow to ask for more Russian gas

Jul 22, 2022

Hungary’s Foreign Minister Péter Szijjártó travelled to Moscow to negotiate more gas imports from Russia as Hungary braces for a tumultuous winter heating season. Hungary has been a vocal critic on the European Union’s embargo on Russian energy sources, saying a swift decoupling from Russian energy would undermine the country’s economy. Hungary’s foreign minister arrived […]

Hungary seeks domestic ownership in key sectors, may levy special taxes

May 20, 2022

Hungary’s incoming government faces some of the biggest economic challenges of the last decade as rampant energy prices may force it to abandon state-imposed price caps, while global disruptions are denting prospects for growth. The new Orbán government may again deploy unorthodox economic measures to guard fiscal stability and prop up the economic outlook. Prime […]

Hungary Upholds Refusal of Russian Oil Ban amid Growing EU

May 13, 2022

Hungary is opposing the European Union’s proposal for a gradual ban on Russian oil imports, with Budapest claiming the plan would be equivalent to dropping an A-bomb on the country’s economy. Meanwhile, tensions are on the rise within the bloc as a handful of dissenting member states are holding up action on a new package […]

Europe’s Future beyond the Energy Crisis

May 6, 2022

The war in Ukraine has brought to the forefront one of Europe’s most pressing vulnerabilities: its reliance on Russian energy. Although European leaders have shown great resolve in their initial response to the war in Ukraine, the solution of weaning the continent off Russian energy dependence is not immediately clear or painless. A similarly pressing […]

PannErgy Sells Utility Distribution System in Debrecen

Apr 6, 2022

According to the sale and purchase agreement, the sale price for all shares representing the stake is HUF 90 million. The name of the buyer was not disclosed. TT-Geotermia, 100% owned by PannErgy Plc., owns some, mostly rather obsolete, equipment and facilities that provide conventional utility distribution to PannErgy’s properties held for utilization and sale […]

Better-Than-Expected First Half Results at PannErgy

Sep 5, 2021

PannErgy Group reports that it has exceeded its plans and base period figures both in terms of the amount of heat sold, and EBITDA with optimum operations. In the business year of 2021, the PannErgy Group continued the implementation of its previously announced strategy on utilizing geothermal energy resources. In this context, the Company managed […]

LINDE Presents the Fuel of the Future

Apr 30, 2021

LINDE GÁZ Magyarország Zrt. has announced that it has taken the lead in hydrogen mobility by being the first company in Hungary to install a hydrogen filling station. LINDE inaugurated the country's first hydrogen filling station on April 29, 2021 at the company's Budapest site. The ceremony was attended by Dr. László Palkovics, Minister of […]

German Firm's Subsidiaries in Hungarian State Ownership

Oct 28, 2020

State-owned Hungarian energy group MVM has acquired the Hungarian and two Chinese subsidiaries of the German energy company Enexio. With the change of ownership, MVM also received a world-famous Hungarian patent, the Heller-Forgó's refrigeration system, which made Enexio an important player in the energy market. According to the sales director of Enexio Hungary Zrt., Balázs […]


Solar park investors day

Feb 7, 2019

A professional day for solar park investors is organized this February in Budapest. The event sets the goal of helping solar investors to navigate the Hungarian solar market and to highlight which areas of the solar power plant deserve special attention.

E.ON connects own solar parks to national grid

Aug 29, 2018

Utility services provider E.ON Hungária Co. Ltd. has announced that it has connected to the grid its own solar plants in Hungary: the seven 500-kW units built in Szigetvár and the 500 kW solar park constructed in Mohács, both in the southern part of the country.


MVM to build Hungary's largest solar power plant

Mar 6, 2018

The town of Felsõzsolca in northeastern Hungary has accepted the proposal of state-owned Hungarian Electricity Works (MVM), which envisages the construction of the largest solar power plant in the country, with installed capacity of 20 MW.

GE Veresegyház plant | General Electric

GE doubles the value of its procurement in CEE

Oct 5, 2017

General Electric aims to double the volume of the products and services bought from Central-Eastern European SMEs, including Hungarian enterprises. The firm has approximately 6.000 suppliers in the region and its procurement value exceeds USD 1.7 billion.

Coal power station to set up solar panel farm

Aug 21, 2017

Mártrai Erõmû, the second largest power plant in Hungary, will implement the country's largest solar farm with a capacity of 3×20 MegaWatts, according to the Hungarian political daily Népszava. Two of the three units will be completed in 2018.

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