The state will buy the project company, called MVM Paks II Atomerőmű Fejlesztő, for more than HUF 10 bln, a price established by the local businesses of consultancies Deloitte and Ernst and Young. The Hungarian National Asset Management Company (MNV) will make the purchase.
MVM Paks II was established with start-up capital of HUF 9 bln in the summer of 2012. Hungary signed an intergovernmental agreement with Russia on the construction of the two blocks at the Paks nuclear power plant in January. Russia is providing EUR 10 bln in credit for the investment.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
