Russian news agency Ria Novosti has reported that Hungary will start repaying a loan to Russia of EUR 9 billion for the Paks nuclear power facility investment in 2031, five years later than the original 2026 deadline. The delay might mean that new reactor units may not be nearing completion in the near future, according to speculation in the Hungarian media. Originally, Hungary should have started the repayment process as soon as the nuclear power station was up and running, in 2025 according to plan.
News site Népszava recalls that in 2019 minister of finance Mihály Varga, on a visit to Moscow, tried to negotiate lower interest rates and a delay in repayment, but, apparently, his mission was only partially successful: the interest rate of 4-5% for paying off the plant expansion remains higher than the market average, but the repayment term was reduced by five years, with the final deadline remaining 2041.
Source: Népszava
One of the most disappointing characteristics of our 21st Century is that while we live…
Polish Prime Minister Donald Tusk called on European leaders to increase their defence spending while maintaining close ties…
The Munich Security Conference ended on a cautiously positive note for EU candidate countries Albania…
Greece is poised to become a key player in the EU’s efforts to secure critical…
Polish Foreign Minister Radoslaw Sikorski stressed the necessity of European involvement in any peace talks…
Poland’s economy emerged as a regional standout in 2024, recording a GDP growth of 2.9%,…