ADVERTISEMENT

Paks deal could become confidential for 30 years

History

Certain business and technical data connected with the planned expansion of Hungary’s sole nuclear power plant in Paks could remain classified for 30 years, extending the previously announced 15 years of secrecy. 

Cabinet Chief János Lázár told Hungarian online daily index.hu that the data is being made confidential for 30 years in accordance with the current Hungarian laws. Hungarian news agency MTI said that the proposal sparked a “sharp debate” in the Hungarian parliament on Friday.

The proposal harshly criticized by the opposition affects business and technical data in contracts signed between selected Russian and Hungarian organizations and subcontractors, the implementation agreements, and data that formed the basis of decisions during the preparation of the agreement.

According to ruling Fidesz party, as the Paks expansion serves energy security, keeping documents confidential serves Hungary's national security. The amendment extended the period of confidentiality from 15 years, already up from the standard 10 years, in the original bill, submitted to Parliament at the beginning of December, MTI noted.

Parliament recently began discussing the bill, which would also state that contracts related to the expansion of the Paks nuclear power plant would not fall under the public procurement law. The bill also proposes amendments to the law on nuclear energy, updating licensing, technical and security regulations and detailing regulations on radioactive waste, among others.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.