Business

Alina Oprea   |   20 February, 2023 at 2:41 PM

Companies consider ESG to be an important investment criterion

A study conducted by EY among 1,325 companies shows that 76% consider ESG to be a main or important investment criterion, and 5G investments are the most likely to involve ESG as a main objective. Responding companies show that emerging technologies offer a wide range of positive contributions to their sustainability efforts, with reducing energy consumption and improving sustainability measurement at the top of the list.

Green Forum   |   25 January, 2023 at 8:50 AM

Wizz Air signs MoU with OMV to buy green fuel

Austrian energy group OMV and Hungary-based low-cost airline Wizz Air have signed a Memorandum of Understanding (MoU) for the supply of approximately 185,000 tonnes of Sustainable Aviation Fuel (SAF) for the period 2023 to 2030.

Green Forum   |   25 January, 2023 at 8:14 AM

Hungary's Mol buys hundreds of petrol stations in Poland

The European Commission approved the acquisition of Lotos by Polish PKN Orlen in the summer, and the news also had Hungarian implications, as PKN had to sell assets in order to acquire its sector partner, some of which were to be obtained bz Hungarian energy group Mol. The latest news is that this transaction has been completed, with Mol buying Lotos Paliwa, which operates 80% of the petrol stations owned by the Lotos oil company, for a total of USD 610 million.

Green Forum   |   25 January, 2023 at 8:09 AM

New renewable energy company enters the Hungarian market

Biggeorge Holding and Energy Independence Ltd. have founded a company providing renewable energy services. After its formation, the new joint company, 8G Energy Holding Zrt., acquired Solarkraft Home Zrt. owned by Energy Independence, which will continue to operate under the name 8G Energy Solutions Zrt. in the future, according to a statement by Biggeorge.

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