Tag: Hungary

Hungary suggests direct negotiations in case of INA dispute – Croatia, 20 May 2016

Hungarian Minister of Foreign Affairs Peter Szijjarto said that he has reached an agreement with the Croatian Deputy Prime Minister Tomislav Karamarko and Minister of Foreign Affairs Miro Kovac that the dispute between INA and MOL on the managerial rights in INA and all other issues should be resolved by direct negotiations, but not through […]

ELMU and EMASZ recorded 13.6 million euros profit in Q1 – Hungary, 19 May 2016

The combined net profit of Hungarian regional electricity distributors ELMU and EMASZ, which are both majority owned by German RWE, has reached 13.6 million euros in the first quarter of 2016. ELMU, which covers the area around the Hungarian capital Budapest, recorded a net profit of 10.4 million euros in the first quarter of this […]

MOL plans to return to Austrian retail fuel market – Hungary, 18 May 2016

According to the Austrian newspapers, Hungarian oil and gas company MOL is looking to a possibility of returning to Austrian retail fuel market after pulling out last year. Executive Vice President of MOL’s Downstream Division Ferenc Horvath said that if the network of petrol station of appropriate scale and quality comes up for sale, MOL […]