Hungary Agrees Grand Russian Nuclear Loan
Hungary agreed a EUR 10 B loan from Russia in a nuclear cooperation deal, signed on Tuesday in Moscow.
The 30-year loan will fund the expansion of Hungary's only nuclear power plant, Paks, where two new blocks will be built, reports Euronews.
"The construction of the new blocks will raise the energy independence of Hungary and will facilitate improvements in questions of energy security", Russian President Vladimir Putin stated, after meeting Hungary's Prime Minister Viktor Orban.
""Russia is our most important partner after the countries of the EU. We appreciate that development", commented Orban.
Hungary is already a part of the Russian Gazprom-led South Stream gas pipeline project, which is set to pass through Bulgaria, Serbia, Hungary, Greece, Slovenia, Austria and Croatia.
- » Helicopter with Thirteen People on Board Crashes off Norway
- » Austria Adopts New Tougher Asylum Law
- » Suicide Bombing in Turkey’s Bursa Injures at least 13 People
- » Spain to Hold Early Election in June amid Political Deadlock
- » Almost 182,000 Migrants Enter Europe by Sea since Start of 2016
- » Bulgaria President Dismisses Attacks over Joint Brigade with Ukraine