Agri Energy Withdraws from Hungary Biofuel Market

Australia's Agri Energy is withdrawing from Hungary's biofuel industry because of rising feedstock prices, business daily Napi Gazdasag reported on October 3rd 2008.


MVM, Matra Power Plant Set up JV to Build HUF 200 billion Block

The Hungarian Electricity Works (MVM) and Matra Power Plant unite for the purpose of building a new lignite-fueled plant.


Belgium Buys 2 million AAUs from Hungary

Hungary has sold 2 million government carbon credits to Belgium, Hungarian government sources confirmed on September 29th 2008.


OMV Enters Repo Agreement for 10 million MOL Shares

Austrian oil and gas company OMV said it entered into a share sale and repurchase agreement for 10 million shares, or 9.1 pct of the total, of Hungarian peer MOL in a notice sent to MOL on September 25th 2008.


INA Shareholders Say MOL Offer Price Too Low

Croatian investors say that MOL's proposed purchase price for 30 percent of INA does not reflect the Croatian company's market value.


MOL-Offer for INA: HRK 2,800 Per Share

Hungarian Oil and Gas Company MOL on September 1st 2008 said it would make a public purchase offer for a 30 percent stake.

French Atomic Energy Commission Head Evaluates Hungary for Neutron Research Centre

Bernard Bigot visited Hungary on Thursday to evaluate the Hungary’s bid.

Government Will Not Guarantee Gas Companies Compensation for Losses On Regulated Market

Hungary's government will no longer guarantee gas companies compensation in the form of centrally-regulated price increases for losses resulting from a negative gap between the import price and their selling price.


Retail Gas Price to Rise 6.55 Percent on October 1st

Hungary's Economy Ministry announced on August 31st 2008, that retail gas prices would rise by an average 6.55 percent and gas prices for industrial users will rise by 9.4 percent on October 1st.


E.ON Foldgaz to Begin Gas Import Negotiations with Panrusgaz

E.ON Foldgaz, the Hungarian unit of German energy corporation E.ON Ruhrgas, will soon begin negotiations with Hungarian gas-trader Panrusgaz.


News Monitoring