Dunaferr among topics discussed during PM's Moscow visit

History

Troubled Dunaújváros steelmaker ISD Dunaferr was among the subjects discussed by Prime Minister Viktor Orbán and Russian President Vladimir Putin during Orbán’s recent visit to Moscow, National Economy Ministry deputy state secretary Péter Benő Banai confirmed at an online press conference held after the publication of detailed budget figures for 2013 on Wednesday.

Banai was responding to a question regarding the presence of Russian state-owned Vnesheconombank VP Andrei Sapelins presence at the Moscow talks.

Talks between Hungary’s government and Russia’s state-owned Vnesheconombank, the owner of ISD Dunaferr, could continue in February when Vnesheconombank representatives visit Hungary, Banai said, confirming information revealed last week by Hungarian Energy Regulatory Authority (MEKH) president Lajos Dorkota.

Orbán and Putin discussed many elements of bilateral cooperation and Dunaferr was naturally one of them, Banai said, adding that government reaffirmed its stand of it being in Hungary’s interests to keep the steelmaker providing jobs in the region.

The government said last August that it would make a buyout offer for ISD Dunaferr after the company said it would lay off 1,500 of its 5,000 workers. The buyout plans had been shelved, but the government recently said talks with Vnesheconombank regarding Dunaferr are still ongoing.

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