Hungarian Atomic Energy Authority to Become “Independent”

Reading Time: < 1 minute

According to a new draft law, Hungary’s Atomic Energy Authority – also responsible for the Paks 2 nuclear power plant investment – will no longer be under direct government control starting in 2022. Government politicians argued that the European Commission had long demanded the “independence” of the Authority, but critics are suspicious as it was also announced that the government would soon appoint a director-general of the body with a 9-year term, meaning any future government would not have the possibility to remove him or her.

The move regarding the nuclear power plant is seen as being in line with the government’s latest trend of privatizing universities and naming government loyalists with life-long mandates to run them. The Authority’s director-general, Gyula Fichtinger, resigned unexpectedly at end of April. Meanwhile, Paks 2 construction is seeing major delays, and the government recently had to renegotiate its loan with Russia, with repayment terms pushed further out, to 2031, when the reactor units are expected to be operational.

Source. Portfolio.hu

CET Editor

Recent Posts

Teltonika drops EUR 3.5bn ‘dream’ project in Vilnius

Teltonika has announced it is halting the construction of its EUR 3.5bn High-Tech Hill park…

3 days ago

Hungary’s energy strategy has left it vulnerable to electricity price speculators – report

Hungary’s electricity market has become a focal point for speculative trading, driven by a combination…

3 days ago

CEE secures EUR 1.4bn in AI funding in 2023-24

Central and Eastern Europe (CEE) is a rising force in artificial intelligence (AI) and startups…

3 days ago

EU assesses candidates’ progress in ten country reports

The European Commission (EC) analyses the accession prospects of all ten prospective members of the…

3 days ago

CEE mulls ramifications of Trump’s victory on trade, defence, environment

As Donald Trump officially declared his victory in the US election, he received congratulations from…

1 week ago

‘Budapest Declaration’ signed as Orban hosts EU summit

European leaders committed to developing a defence industry base and enhancing EU competitiveness at an…

1 week ago