Related articles

• Energy/environment

  MVM to build 20.6 MW solar plant in Paks

  

  The state-owned Hungarian Electricity Works (MVM) laid the cornerstone of a 20.6 MW solar plant in Paks, southern Hungary, last Thursday. The production capacity will be equivalent to the energy consumption of 8,500 households.

   Tue, Apr. 3, 2018, 09:00

  • mvm
  • solar plant
  • paks
  • power
  • energy
• News

  Clocks move forward Sunday - saving money!

  

  This weekend clocks move forward one hour at 2 a.m. on Sunday morning as daylight savings time kicks in. According to MAVIR, the Hungarian transmission system operator, shifting from winter to summer time and back saves as much as HUF 4-5 billion a year in Hungary.

   Fri, Mar. 23, 2018, 14:36

  • energy
  • mavir
  • clock
  • daylight savings time
• Energy/environment

  MVM, MOL announce big solar power investments

  

  The state-owned Hungarian Electricity Works (MVM) on Wednesday laid the cornerstone of a HUF 9 billion solar farm at Felsőzsolca (near Miskolc, northeast Hungary), said to be Hungaryʼs biggest. Meanwhile, oil and gas company MOL revealed that it will spend "several billion forints" to build three solar parks by yearʼs end.

   Thu, Mar. 1, 2018, 14:21

  • mvm
  • mol
  • solar farm
  • solar energy
  • investment
  • renewable
• Energy/environment

  Hungary ahead of 2020 renewables target, but ratio slips

  

  Hungary is one of eleven members of the EU already to have reached their national targets for the ratio of renewables within gross final consumption of energy by 2020, according to Eurostat, the statistical office of the European Union. However, the ratio of renewables in Hungarian energy consumption has been declining since 2013.

   Fri, Jan. 26, 2018, 09:30

  • renewable energy
  • target
  • eu
  • consumption
• Energy/environment

  Hungaryʼs government to support farm solar parks

  

  The government will draft a plan to support the establishment of 3,000 small solar parks on farmland, János Lázár, the minister heading the Prime Ministerʼs Office, said at a weekly press briefing on Thursday.

   Fri, Jan. 19, 2018, 08:08

  • solar park
  • renewable energy
  • lazar
  • government
• Analysis

  Optimistic outlook for 2018 world economy

  

  The global economy may this year see its fastest growth since 2011, driven mostly by African countries. It will also be its most energy-hungry ever, according to the latest Global Economy Watch (GEW) forecast by PwC.

   Mon, Jan. 8, 2018, 07:00

  • pwc
  • global
  • economy
  • energy
  • oil
  • china
  • africa
  • eurozone
• News

  HUDEX takes over energy market physical futures

  

  The HUDEX Hungarian Derivative Energy Exchange announced the launch of operations today.  Physical futures in electricity and gas, which were earlier traded on the HUPX electricity and CEEGEX gas markets, will now be traded on the HUDEX to comply with the Markets in Financial Instruments Directive (MiFID) applicable in EU member states from January 3, 2018.   

   Wed, Jan. 3, 2018, 13:37

  • hudex
  • energy
  • market
  • futures
• Business

  Foreign firms generate 64% of IT sector revenues

  

  Foreign-owned non-financial companies posted a combined total of HUF 45,000 billion sales revenues in Hungary in 2016, 2.3% less in current prices than in 2015, show research findings based on preliminary data released by the Central Statistical Office (KSH).

   Tue, Dec. 19, 2017, 14:51

  • revenues
  • foreign
  • multinational
  • IT
  • manufacturing
  • commerce
  • energy
• Energy/environment

  Saving time and energy

  

  The last weekend of October marks the clocks moving backward by one hour. On Sunday morning, 3 a.m. will become 2 a.m. in Hungary (and across the Central European Time zone), which can lead to considerable electrical energy savings, according to MAVIR, the Hungarian transmission system operator.

   Thu, Oct. 26, 2017, 07:30

  • DST
  • energy saving
• Energy/environment

  Geothermal plant gears for November launch

  

  Hungaryʼs first combined geothermal heat and power plant in Tura, in Pest County northeast of Budapest, is currently at the commissioning phase, with the official start of operation planned for November, according to reports.

   Tue, Oct. 10, 2017, 11:49

  • power plant
  • geothermal
  • energy
  • heat