Government on schedule with energy law
The regulations necessary for the new electricity law to take effect are to be created by mid December, accordingly, the legislative framework for market liberalization is going to be ready, said Balázs Felsmann, secretary of state to the Economy Ministry at the EnKon conference.
Later, the government will discuss the action plan on energy efficiency. The most important issue regarding the security of energy supplies is the Nabucco pipeline project, its coordination has already been started by an assigned EU commissioner. To be completed by 2020, this pipeline will only supply less than half of the gas necessary for the EU, thus Russia is reportedly not considering the plans and constructions of the Nabucco pipeline as an antagonistic initiative on the EU’s behalf. The project is to be realized from a €4.5 to 5 billion budget, with Central Asian countries as well as some investors growing interested in taking part. (NG 4)
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.