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HUNGARY: Hungary, UK Foreign Ministers Discuss Energy Cooperation

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Hungary plans to use small modular nuclear reactors as part of its energy mix, Bloomberg report Foreign Minister Peter Peter Szijjarto as saying after talks with his UK counterpart David Lammy. The two nations discussed energy cooperation, with Szijjarto citing Rolls Royce as a leader in the so-called SMR industry. Hungary is ready to take part in the technology’s development and eventual use, he said.
  • Prime Minister Viktor Orban is on the second day of his official visit to the United Arab Emirates, where he will hold talks with UAE President and Abu Dhabi ruler Sheikh Mohammed bin Zayed Al Nahyan, as well as leaders of Emirati companies, according to a statement from the prime minister’s press office yesterday.
  • According to Szijjarto, Orban will discuss the real estate development project of Abu Dhabi-based Eagle Hills during his visit. The proposed plan would involve one of Hungary’s biggest property developments that may include the construction of the EU’s highest skyscrapers and luxury apartments. The plot of land was sold to Eagle Hills last week.
  • However, the Budapest assembly will today debate a proposal put forward by Mayor Gergely Karacsony to exercise Hungary’s pre-emptive right to purchase the land that was sold. “Budapest will defend its rights, land and future,” Karacsony told Bloomberg.
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  • Hungary plans to use small modular nuclear reactors as part of its energy mix, Bloomberg report Foreign Minister Peter Peter Szijjarto as saying after talks with his UK counterpart David Lammy. The two nations discussed energy cooperation, with Szijjarto citing Rolls Royce as a leader in the so-called SMR industry. Hungary is ready to take part in the technology’s development and eventual use, he said.
  • Prime Minister Viktor Orban is on the second day of his official visit to the United Arab Emirates, where he will hold talks with UAE President and Abu Dhabi ruler Sheikh Mohammed bin Zayed Al Nahyan, as well as leaders of Emirati companies, according to a statement from the prime minister’s press office yesterday.
  • According to Szijjarto, Orban will discuss the real estate development project of Abu Dhabi-based Eagle Hills during his visit. The proposed plan would involve one of Hungary’s biggest property developments that may include the construction of the EU’s highest skyscrapers and luxury apartments. The plot of land was sold to Eagle Hills last week.
  • However, the Budapest assembly will today debate a proposal put forward by Mayor Gergely Karacsony to exercise Hungary’s pre-emptive right to purchase the land that was sold. “Budapest will defend its rights, land and future,” Karacsony told Bloomberg.