Gas storage levels in Hungary are above 70%, which is higher than the EU average of 67%, the Ministry of Economy and Energy (GEM) said in a statement on Thursday. According to the ministry, the volume stored to date could cover the country’s supply for 88 winter days and meet households’ needs for 188 winter […]

The review of state-owned companies overseen by the Ministry of Economy and Energy is continuing, the ministry's head, István Kapitány, said in a social post on Saturday. The minister wrote that following the Eximbank review, "we are examining contracts and past decisions one by one, thoroughly, and in every case based on documents." He said […]

Hungary’s strategic fuel reserve has doubled since the low point in March, so Hungary's fuel supply is secure, but reserves need to be stockpiled, the Ministry of Economy and Energy has announced. The strategic fuel reserve ensures that the country can continue to function and that families and the economy are supplied in the event […]

Hungary's government has mandated the release of a further 575 million liters of motor fuel from strategic reserves in a decree issued in the latest issue of the official gazette Magyar Közlöny. The decree, by the economy and energy minister, István Kapitány releases 150 million liters of petrol and 425 million liters of diesel. According […]