Orbán: Hungary needs Paks nuclear plant, more utility cuts coming
“Without the Paks nuclear power plant, the Hungarian economy cannot be competitive,” stated Prime Minister Viktor Orbán on Kossuth Rádió’s morning program “180 Perc.”
In discussing the recently-signed agreement between Russian President Vladimir Putin and himself on building an extension to the plant, Orbán emphasized that “It is in the interests of the country for the nuclear power plant to supply at least 40% to 45% of the Hungarian electricity supply in the long run.”
Orbán described current Russia-Hungary relations as “all right” in light of the Paks deal.
Hungary-based utility companies apparently need to prepare for the immediate short term rather than the aforementioned long run, as the PM went on to declare what many have expected, i.e. that household utility prices will be reduced via government mandate for a third time.
“It will be nice little price cut, too,” he promised.
More specifically, the actual reduction will in actuality be decided by Fidesz-KDNP coalition MPs next week.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.