ADVERTISEMENT

Hungary’s Pannonplast goes geothermal

Green Energy

Pannonplast Zrt plans to cooperate with VGK-Hönnun of Iceland to construct power plants using geothermic energy in Hungary, Pannonplast announced.

The company will submit bids for loans from the European Bank for Reconstruction and Development (EBRD) and will establish project companies together with municipalities to build the facilities. The Icelandic company will provide modern technology for the project. Geothermic power plants could be an ideal solution for villages and small towns in heat and energy supply. Pannonplast plans eight power plants altogether with a total investment of €350 million ($499 million). (Napi Gazdaság)

ADVERTISEMENT

OECD projects Hungary GDP growth will slow to 5% in 2022 Analysis

OECD projects Hungary GDP growth will slow to 5% in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.