Hungary to join efforts to set up central European energy authority

EU

Hungary will join Italian prime minister Romano Prodi's initiative to set up a joint European electricity services authority, Hungarian Minister of Economics and Transport János Kóka told MTI on Sunday.

Kóka was speaking after millions were left without electricity for half an hour in several European countries in the early hours on Sunday because of a German network failure. Prodi said on Sunday that while European countries are dependent on each other as regards electricity supplies, they are unable to help one another in want of a central European energy authority. Kóka said Hungary had raised the issue of a need for a joint network operation and network monitoring system to monitor transmission and capacity levels and reduce the risk of power failures at several EU forums. He added that a one-day conference of EU energy ministers scheduled in Budapest for November 14 will put the matter on its agenda. (Mti-Eco)

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

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.