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Rosatom Not Withdrawing from Paks Power Plant Project, Szijjarto Says

HUNGARY
  • EURHUF has continued trading on the back foot today following yesterday’s hawkishly leaning hold decision by the NBH. The cross has pierced the 380.00 handle, with 372.38, the Mar 1 low, marking the next key support level.
  • MTI report that the claim that the government is withdrawing from cooperation with Russia's Rosatom on the expansion of the Paks nuclear power plant "is a lie", Foreign Minister Szijjarto said, emphasising that the increased role of France's Framatome is concerned only with the delivery of the control technology required for the new reactor blocks. Last week, the Financial Times reported that Hungary begun talks with France over an increased role in its nuclear programme, which may eventually lead to replacing Russia at its only atomic power plant.
  • Hungary and Poland have voted against a "dangerous" proposal of the European Commission to extend earlier legislation on cutting the use of natural gas by 15%, the minister of foreign affairs and trade said as cited by MTI.
  • There are no data releases scheduled today, with PPI data and trade balance data the only notable releases left on the docket on Friday.

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