Agreement paves way for expansion of MOL activities in Bosnia-Hercegovina

Int’l Relations

An agreement reached by state secretary for foreign affairs and external economic relations Péter Szijjártó in Sarajevo on Friday paves the way for the expansion of Hungarian oil and gas company MOL's activities in Bosnia-Hercegovina. Under the agreement, the government of Bosnia-Hercegovina will create the opportunity for MOL to continue talks on expanding its local activities, Szijjártó told MTI on the phone after a two-day meeting of Hungary's and Bosnia-Hercegovina's joint economic committee. MOL, which holds two-thirds of Bosnian peer Energopetrol in consortium with its Croatian unit INA, wants to broaden its activities in the areas of storage and production, he added. Szijjártó reached an agreement during his visit on re-establishing a direct passenger rail link between Budapest and Sarajevo. Direct service between the cities was halted last December. The state secretary also agreed make a new accord on avoidance of double taxation between the two countries.


Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


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.