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Russian ambassador welcomes push to expand Paks capacity

Russian ambassador to Hungary Igor Savolsky welcomed Prime Minister Ferenc Gyurcsány's push for an expansion of the Paks nuclear power plant, speaking at a forum of the Joint Venture Association in Budapest.

In a speech on Monday, Gyurcsány urged Parliament to make a decision in the first half of the year on making investments that would double the capacity of the Paks plant.

“Russian companies will find their place too in the plan,” Savolsky said.

The Paks plant was built by Soviet engineers in the 70s.

Savolsky said an agreement on the planned South Stream pipeline is being fulfilled on schedule.

He complained about slowing Hungarian farm exports to Russia and urged increased cooperation in the sector.

Hungarian exports to Russia rose 29% to HUF 547 billion in 2007, according to data from the Central Statistical Office (KSH). Imports from Russia fell 9% to HUF 1,195 billion. (MTI – Econews)