Regulation |
26 April, 2023 at 8:58 AM
EU countries on Tuesday gave the final approval to the biggest revamp to date of Europe's carbon market, which is set to make it more costly to pollute and sharpen the 27-member bloc's main tool for cutting carbon dioxide emissions. The world's first major carbon trading system has since 2005 forced power plants and factories to buy permits when they emit CO2 and has cut emissions from those sectors by 43%.
Industry |
23 February, 2023 at 8:56 AM
The low-cost airline Wizz Air has signed a Memorandum of Understanding with Neste for the supply of sustainable aviation fuel (SAF) from 2025. Wizz Air is characterized as the most environmentally sustainable globally.
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.
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.
