Hungary aims to become part of regional electricity market

Conferences

Hungary's electricity market must be connected to similar market segments in other countries in the region, which could happen through energy exchanges, an official said.

As well as connecting its electricity market across borders, Hungary must expand its output, state secretary in charge of energy at the Ministry of Transportation, Telecommunication and Energy Péter Gordos said at a professional forum on Tuesday.

András Vinkovits, who heads Hungary's transmission system operator Mavir, said Hungary's energy demand increased an annual 0.8%-1.3% in the 90s, but has risen 1.7%-2.4% a year since 2000, and he predicted the same pace for future growth. Hungary will need to add another 3,000MW of capacity to its current capacity of 9,000MW by 2015 if it is to meet growing demand, he said. (MTI – Econews)

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

Operative corps for economic recovery decides on further mea... Government

Operative corps for economic recovery decides on further mea...

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.