Hungary pushes for joint East European front on energy policy

World

Hungary's government is urging other east European countries to band together in energy policy issues, to give the region more weight in negotiations.

“Appearing jointly as a region, we can be a more effective energy partner for the European Union, for Russia and even the United States in strategic questions,” Hungarian Economy Minister János Kóka told a meeting of representatives from 10 governments in Budapest today. Countries in the region were affected at the beginning of this year when Russia's OAO Gazprom cut gas shipments through Ukraine by as much as 35%. They also want to fend themselves against blackouts that left millions of homes without electricity when Germany's power grid malfunctioned earlier this year. Kóka is proposing the meeting of countries, including Italy, Poland and Austria, to ask for EU grants to build cross- border interconnectors, used to link electricity systems. The countries also want to present a joint position for the EU's energy policy and for the bloc's talks with Russia, he said. Other countries at the meeting include Bulgaria, the Czech Republic, Croatia, Slovakia and Slovenia. Most of them use more natural gas and electricity than they produce. Many of the former communist countries rely on shipments from Russia to keep power plants running and to heat homes. (Bloomberg)

ADVERTISEMENT

Business confidence edges up as consumer sentiment weakens Analysis

Business confidence edges up as consumer sentiment weakens

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.