Lázár optimistic about Paks upgrade after talks in Brussels

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Following talks in Brussels on Friday related to the upgrade of Hungary’s sole nuclear plant in Paks, Cabinet Chief János Lázár said Hungary and the European Commission moved closer to resolving competition concerns over the upgrade, Hungarian news agency MTI reported this morning.

“We will work until the start of the summer break to wind up procedures related to the Paks upgrade with the competition commissioner,” Lázár said after talks with European Union Commissioner for Competition Margrethe Vestager, MTI reported. 

“Hungary has been treated fairly by Commissioner Vestager, and we will find a solution that is reassuring for both sides on constructive, joint efforts,” Lázár said. “Weʼll come with a prepared proposal next week,” the cabinet chief added.

EC officials are still withholding their approval of the Paks project for a variety of reasons, including questions of whether the project makes sense from a market point of view. If the plan is not competitive, it constitutes a state subsidy, which could be enough for the EC to stop the project, according to reports.

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