Oil Prices Hit 5-Month Highs
In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Hungary will veto European Union sanctions against Russia affecting nuclear power, Prime Minister Viktor Orban told state radio on Friday, Reuters reported.
Ukraine has called on the EU to include Russia's state nuclear company Rosatom in the sanctions, but Hungary, home to a Russian-built nuclear power plant that it plans to expand with Rosatom's help, has blocked that.
Orban reiterated in an interview that nuclear sanctions "obviously should be vetoed."
"We will not allow the plan to include nuclear power in the sanctions to be implemented," the Hungarian prime minister stressed, adding: "That is out of the question."
Hungary has repeatedly criticized EU sanctions against Moscow over its incursion into neighboring Ukraine, saying they have failed to significantly weaken Russia but risk destroying the European economy.
The West has not imposed sanctions on Rosatom since the beginning of the Russian invasion.
The Hungarian nuclear power plant Paks has four small Russian VVER 440 reactors with a total capacity of about 2,000 megawatts, which started operating between 1982 and 1987.
This power plant produces nearly half of Hungary's electricity and receives nuclear fuel from Russia.
Under an agreement signed in 2014 with Moscow, Hungary intends to expand the plant with two Russian VVER reactors with a capacity of 1.2 gigawatts each.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/Dnevnik
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
According to Eurostat's latest publication, in the fourth quarter of 2023, the euro area witnessed a job vacancy rate of 2.7%, marking a decline from 2.9% in the preceding quarter and 3.1% in the same period of 2022
The most recent data from Eurostat, released on Thursday, indicates that in 2022, life expectancy at birth within the European Union is on an upward trajectory compared to the years preceding the pandemic
In a move underscoring its commitment to upholding European Union regulations, the European Commission has intensified its scrutiny of Bulgaria, pressing the nation on various fronts ranging from counterterrorism measures to environmental protectionр BTA
Anticipation mounts as Vice-President of the European Commission, Margaritis Schinas, hints at an imminent decision regarding Bulgaria and Romania's potential accession to the Schengen Area via land routes
A recent study conducted by the "Alfa Research" agency unveils insights into Bulgarian sentiments regarding European Union (EU) membership and its policies
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion