Paks II project advancing 'according to plan'

Power

Work on the upgrade of Hungary's Paks nuclear power plant is "proceeding according to plan", the local unit of Russia's Rosatom, the general contractor for the project, told regional news agency Paks-Press on Monday.

"Rosatom has always fulfilled and is fulfilling all of its contractual obligations," Rosatom Central Europe told Paks-Press.

The state of Russia is financing 80% of the cost of building two more blocks at the Paks nuclear power plant which accounts for about half of domestic electricity generation.

ADVERTISEMENT

Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.