Electric motor driven buses will replace the diesel vehicles from February 1 in local public transport in Paks, south of Budapest. According to the information of the local government, from Monday, the service will be provided by Paks Bus Transport Ltd., owned by the town, replacing Volánbusz.There will be 12 Polish Solaris buses, manufactiured in […]

Until the conclusion of the probe the European Commission (EC) is currently conducting in the issue of possible distortions of competition, the Hungarian government will not draw from a EUR 10 billion loan facility provided by Russia.

The European Commission has opened infringement against Hungary for lack of compliance of the Paks nuclear power plant project with EU public procurement rules. Portfolio.hu says the move is not unexpected, as press reports have already heralded it.

The EU has, at least temporarily, blocked Hungary’s EUR 12 billion nuclear power station deal with Russia as Euratom refused to approve Hungary’s plans to import nuclear fuel exclusively from Russia. Other parts of the deal are also under investigation.

The Minister of National Development, Tamás Fellegi says the Paks Nuclear Power Plant, the only such plant in Hungary, is safe and will stand the stress test. He made the statement following his visit to the plant this week.

Hungary is mulling plans to build new blocks at its sole nuclear power plant in Paks, south of Budapest, to satisfy a large portion of domestic demand for electricity after 2030, business daily Világgazdaság said on Thursday.