Regulation |
22 June, 2023 at 5:00 PM
The European Commission has approved a €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors that are key to accelerating the green transition and reducing fuel dependencies in the context of Russia's war against Ukraine.
Regulation |
30 March, 2023 at 10:37 AM
Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest.
Industry |
29 March, 2023 at 8:22 AM
Schneider Electric is investing €40 million in a new smart factory in Hungary. The factory will be net zero. Geothermal energy and rooftop solar will power the site, and Schneider Electric's EcoStruxure energy management solutions will maximize its energy efficiency.
Real estate |
23 February, 2023 at 1:42 PM
In a comprehensive modernization effort, real estate developer GTC switches to 100% green energy; reducing its domestic energy consumption by 20%.
Industry |
10 February, 2023 at 7:11 AM
China's CATL is building a factory in the eastern Hungarian city of Debrecen to produce batteries for electric cars, in a plant that will be one of the largest in its category in Europe.
Mobility |
31 January, 2023 at 2:10 PM
The Boysen Group will invest HUF 60 billion to create 400 new jobs in Nyíregyháza, where the company will produce electric car components for BMW's Debrecen plant.
Mobility |
31 January, 2023 at 10:12 AM
The European Commission announced it will support 10 pilot projects to establish new rail services or improve existing ones.
Real estate |
26 January, 2023 at 10:39 AM
The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.
Business |
25 January, 2023 at 8:14 AM
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.
Energy |
25 January, 2023 at 8:13 AM
The President of the Hungarian Energy and Public Utility Regulatory Authority (MEKH) has issued a decree extending the deadline for the implementation of power plants under preparation to receive renewable energy production subsidies.
Regulation |
25 January, 2023 at 8:11 AM
According to the latest Hungarian Official Gazette, the government will adopt the "Hungary's Green Public Procurement Strategy 2022-2027" and set a series of tasks for Ministers in different areas.
Business |
25 January, 2023 at 8:09 AM
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.
Mobility |
25 January, 2023 at 8:06 AM
The Hungarian government has cancelled the EU grant contract already awarded for the spring tender for the Nyugati railway station, Telex reported on Tuesday, based on the Official Gazette. Portfolio also presented the design competition for the Nyugati railway station last spring, when state secretary Balázs Fürjes announced the winner, British architectural firm Grimshaw Architects.
Regulation |
25 January, 2023 at 8:05 AM
According to the International Energy Agency (IEA), even though the share of renewables in the energy mix is increasing across the European Union, pollution has increased: more and more member states are counting firewood as a green solution, while carbon emissions are still rising. Hungary is one of the biggest statistical tricksters.
