- 23 Dec 2015 8:00 AM
The Rothschild Group helped to broker the deal between Russia and Hungary for the Paks expansion, signed in January, 2014.
Last month, the European Commission announced that it would conduct a thorough investigation into whether the government’s investment in the expansion project constitutes illegal state aid.
Rothschild reports that the project is in line with European regulations.
Rothschild writes that electricity prices will rise considerably in the coming years, and will exceed production costs, thereby guaranteeing profitable operations without the need for capital injections from the state.
The entire 86-page, English-language report has been published on the project company’s website mvmpaks2.hu.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.
MTI photo: Sóki Tamás