Moscow, 14 Jan. 14, 2014: Hungarian Prime Minister Viktor Orban (L) and Russian President Vladimir Putin (R) reached a deal on the Paks nuclear power plant modernization that may bend EU’s procurement rules (source: dpa)

EU faces dilemmas over Hungary’s nuclear deal with Russia

Hungary is officially upbeat about its agreement with Russia to expand the Paks-2 nuclear plant. But behind the hurrah-optimism of Prime Minister Viktor Orban and government officials, the 12 billion euro contract with Rosatom is encountering stiff resistance at home and abroad, writes GIS guest expert Peter Juhasz.

<i>Criticism has focused not just on the project’s environmental and economic risks, but also on its potential violation of European Union competition and procurement rules. That makes Paks-2 an important test case for the EU’s credibility. A vigorous attempt by Brussels to enforce the rules and hold up the project will infuriate Russia and may wel...

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card
 Peter Juhasz
Pricing electricity is crucial in assessing nuclear power projects, as it defines the return on investment. The issue is even more important in Hungary due to its political significance
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree