utilities
October 06, 2009, 09:37 CET
Municipal government seizes waterworks from foreign investors
The Pécs local government sent security guards to occupy the headquarters of the city’s waterworks Pécsi Vízművek and prevented the management of the French investor group Suez from entering the building on Monday morning. Suez, meanwhile, refused to let the... [read complete entry]
October 22, 2008, 10:04 CET
Cash needs may force Budapest government to sell assets
Budapest needs Ft 50 billion in order to pay its own share when funding future investment projects, deputy mayor Imre Ikvai-Szabó told reporters on Thursday, adding that City Hall wants to raise those funds by selling shares of gas supplier... [read complete entry]
July 01, 2008, 11:02 CET
Gas prices rise 10% in July, with further rises expected in October
Gas prices to are expected to rise as the government holds off on offsetting the increase through subsidies. [read complete entry]
June 06, 2008, 04:55 CET
Hungary's first alternative gas provider signs up 6,500 clients
Gas.hu, the first alternative gas provider for residents, launched its service offering simpler and more favorable conditions on 1 June and has already racked up more than 6,500 customers, reports vg.hu.... [read complete entry]
March 12, 2008, 09:18 CET
Hungarian goverment to push for competion in wholesale electricity market
The government is "taking immediate action" to restructure Hungarian wholesale electricity monopoly MVM to promote competition ahead of its "New Ownership Program." [read complete entry]
December 04, 2007, 05:03 CET
Household gas prices to rise 5% to 9% in January
Household gas prices are expected to rise by 5%-9% from January, translating into a jump of Ft 750-1,350 a month. [read complete entry]