Hungary and Croatia will cooperate in the construction of a cross-border power line between the two countries, the respective energy ministers Peter Honig and Duro Popijac signed the necessary agreement, setting the legal framework for the project. State-owned electricity transmission network operator Mavir was to operate the line on the Hungarian side. Total investment costs for building the Hungarian part of the line were estimated at HUF 5bn (EUR 18.4mn). The construction is to be completed in April. Its capacity should be 400kV and would serve to strengthen security of energy supplies in the border region of the two countries. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more