RWE may enter gas distribution business in Hungary

Visits

Germany’s electric utilities company RWE is assessing the possibility of entering the Hungarian gas wholesale market, the company’s director of communications Norbert Boross told cink.hu. 

According to the Gawker group’s Hungarian blog, this was one of the key topics at the most recent meeting between German Chancellor Angela Merkel and Hungarian Prime Minister Viktor Orbán during the chancellor’s visit to Budapest.

By entering the gas distribution business, RWE would become a direct competitor of MET Hungary Zrt., a partly off-shore company that is said to be favored by the Hungarian government.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.