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Hungary has decided to release 250,000 tons of oil from its strategic reserves to support the domestic market after the suspension of deliveries via the Druzhba pipeline.
The decree specifies that the Hungarian oil and gas company MOL will be given priority to purchase the released volumes. This measure aims to ensure stability in domestic supply amid the interruption of pipeline transit.
The government has not detailed how long the strategic reserves will be relied upon or whether further actions are planned in case the disruption persists.
Earlier, Hungary began discussions with Croatia about transporting Russian oil through the Adriatic route, as an alternative to the Druzhba pipeline, which runs through Ukraine and has been halted.
US Vice President JD Vance launched a sharp attack on the European Union during a visit to Budapest, accusing Brussels of interfering in Hungary’s election just days before a closely contested vote that could reshape the country’s political landscape
Global markets reacted sharply after US President Donald Trump stepped back from imminent military action against Iran, instead tying a suspension of strikes to Tehran’s agreement to a temporary ceasefire and the reopening of the Strait of Hormuz
A leaked transcript of a phone call between Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin shows Orban offering extensive support to Moscow and describing himself as ready to help “in any way” in relation to the war in Ukraine
Acting Defense Minister Atanas Zapryanov has stated that Bulgaria is not taking on any military obligations under the ten-year security cooperation agreement with Ukraine
A political dispute in Bulgaria has recently centered on the bilateral security cooperation agreement with Ukraine, after criticism emerged over its signing without prior approval from the National Assembly
Acting Education Minister Sergey Ignatov said that his recent visit to Kyiv came at a critical moment, stressing that it could not be delayed. According to him, the signing of a protocol with his Ukrainian counterpart was decisive for the future of the Bu
The caretaker government has approved a decision endorsing the Partnership Agreement between the European Union and its Member States and the Mercosur bloc
US Vice President JD Vance launched a sharp attack on the European Union during a visit to Budapest, accusing Brussels of interfering in Hungary’s election just days before a closely contested vote that could reshape the country’s political landscape
Fuel prices in Germany have recently reached new highs, with diesel briefly exceeding 2.40 euros per litre during the Easter holiday period before easing slightly afterward
A recently revised German military service framework has triggered public debate after it emerged that it places new travel-related obligations on men aged between 17 and 45
Spain has officially launched its system of digital identity, which came into effect on April 2 and grants the electronic version of the national identity card the same legal validity as the physical document
Unemployment in the euro area edged up slightly in February, reaching 6.2% compared to the record low of 6.1% recorded in January, according to figures released by Eurostat
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
