ADVERTISEMENT

Govt declares smooth preparations for South Stream stretch in Hungary

Visits

The government has declared "of extraordinary importance" investments and administrative matters related to the section of the South Stream gas pipeline to pass through Hungary, the National Development Ministry's communications department said.

The declaration, made in a government decree, will simplify and accelerate preparations for the construction of the 229km stretch of the pipeline in Hungary, the department said. The declaration followed a meeting in Budapest on Wednesday between Prime Minister Viktor Orbán and the top executives of Russian oil and gas giant Gazprom. The South Stream pipeline will run from Russia under the Black Sea to Bulgaria, bypassing Ukraine, whose rows with Moscow have interrupted gas deliveries to Europe several times in recent years.

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Budapest bike-sharing scheme expands in District XI City

Budapest bike-sharing scheme expands in District XI

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.