Hungary, Slovakia take steps to settle long disputed dam project
Hungary and Slovakia signed an agreement to start a joint strategic environmental study of the Gabcikovo-Nagymaros dam system, a much disputed project along the River Danube, that runs between the two countries.
Hungary will contribute Ft 100 million toward covering the cost of the survey.
The body overseeing the study will start its work within two weeks, and the study will be completed by the end of 2009.
Gabriel Jencik, who signed the contract on behalf of Slovakia, said there are still disagreements on the way the dam project should be carried out.
Hungary and Slovakia singed a contract on the construction of the dam system, between the Slovakian city of Gabcikovo and the Hungarian town of Nagymaros, in 1977, but when the environmental effects of the project became clear, Hungaran civil organisations protested the plan. In 1989, Hungary shelved the project because of the stand of the Hungarian Academy of Sciences and the lack of an environmental impact study. In 1992, the case was brought before the International Court of Justice in the Hague. The court ruled that Hungary had illegally broken the 1977 contract on the dam system , but that Slovakia had also acted in breach of the law when it put a hydroelectric power plant in operation without Hungary's consent in Gabcikovo. (MTI – Econews)
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
Orbán Augurs Economic Rebound From Q3
Corvinus Uni, ExxonMobil Sign Cooperation Deal
Budapest Muni Council Clears Rác Baths Renovation
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.
