energy

Hungary China’s new friend in the EU – CET analysis

Chinese President Xi Jinping’s recent visit to Hungary underscores the geopolitical importance of the growing bilateral friendship. China's new investments…

6 months ago

International press assess Xi’s European visit

As Chinese President Xi completed his trip to Europe, he held a conference with Hungarian Prime Minister Viktor Orban, with…

6 months ago

Xi’s visit sparks future Huawei, 4iG collabs

China's Huawei and Hungary's 4iG signed a letter of intent to establish a common cloud service platform for Hungarian companies…

6 months ago

Budapest holds fourth climate summit

The fourth Budapest Climate Summit on December 4, brought together over 40 speakers from 25 countries to discuss climate change…

11 months ago

Auto sector slides down large company list – Coface CEE Top 500 study

Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern…

1 year ago

EU needs EUR 700bn/year to meet climate goals

Europe will require annual investments of more than EUR 700bn (USD 762.44bn) to meet its energy transition goals to combat…

1 year ago

CEE needs to prioritise climate plans – report

Central and Eastern European (CEE) countries may hinder the EU's ability to meet its climate goals, according to campaigners who…

1 year ago

Europe playing catch-up with China in ‘battery battle’ – Romanian economy minister

"Romania, and Europe, have lost the battle with China in certain segments, such as battery production, but we are trying…

1 year ago

Hungary blocks EU’s Ukraine arms package after Kiev sanctions OTP bank

Hungary has vetoed EUR 500mn worth of arms funding from the EU to Ukraine, Italian media first reported on Monday,…

1 year ago

Falling energy prices hit MOL’s Q1 figures

Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but…

2 years ago

Poland’s Orlen losing millions over Russian oil ban

Poland's state-controlled oil company, PKN Orlen, is facing significant losses due to the EU banning Russian crude oil. The company…

2 years ago

Poland’s Orlen seals Lotos sell-off to Unimot

Polish energy giant Orlen announced the completion on Friday 7 April of the process of implementing remedies, and Lotos Terminale…

2 years ago

Enel to sell Romanian arm in EUR 1.26bn deal

Enel will sell its Romanian operations to Greek group Public Power Corp (PPC) for EUR 1.26bn, the Italian utility group…

2 years ago

Poland oks Turow mine’s permit till 2044

Poland has extended the operational license of its highly-polluting Turow lignite mine by 22 years, the Czech Environment Ministry revealed…

2 years ago

EU widens embargo on Russian diesel, oil

The European Union expanded its ban on Russian diesel fuel and refined oil products with immediate effect on Sunday 5…

2 years ago

Gazprom failed to make January payment for Czech gas transit, minister confirms

Net4Gas, Czechia's natural gas transmission system operator, had not received its contracted monthly payment from Russian state-owned Gazprom by 4…

2 years ago

Poland, Baltics opt in on green hydrogen corridor project

The national grid operators of Poland and the three Baltic countries signed a cooperation agreement with their German and Nordic…

2 years ago

Romania, Hungary sign deal to lay world’s longest electricity cable

Hungary and Romania were among the four signatories of an agreement to construct a 1,100km (685 mile) power line under…

2 years ago

Eight CEE countries push for ‘significantly lower’ EU gas price cap

A total of eight Central and Eastern European (CEE) countries have co-signed a paper with four other EU member states…

2 years ago

PMs discuss new Slovenia-Hungary gas link

Slovenian Prime Minister Robert Golob and Hungarian Prime Minister Viktor Orban have discussed building a pipeline to transit Algerian gas…

2 years ago