Greenhouse gas emissions in Hungary's energy sector are on a downward trend as the share of electricity generated by fossil fuels drops and that of renewables and nuclear power grows.
OMV will start building a network of 28 ultra-fast electric car charging stations on the country's high-traffic routes by the end of the year.
CATL aims to build a comprehensive battery production value chain that meets sustainability criteria in all respects.
Gebrüder Weiss is doubling its electric road fleet.
Munch has prevented over 1 million packages of food from going to waste since its establishment in 2020, Munch Europe Szolgáltató told MTI.
Wing has published its second ESG report, providing information about its environmental, social, and governance efforts, as well as its goals, the measures it has taken and the results it has achieved in 2022. The report has been prepared in accordance with the company's first comprehensive ESG strategy, which will be finalised soon.
LG Magna e-Powertrain, a joint venture between LG Electronics and Magna formed in 2021, announced that it is expanding its footprint with a new facility in Miskolc, Hungary, according to the Budapest Business Journal.
The European Commission has approved a €2.36 billion (approximately HUF 880 billion) Hungarian scheme for accelerated investments in strategic sectors to foster the transition towards a net-zero economy.
OMV Petrom contributes to the development of the regional network of ultra-fast recharging for electric cars as part of a project that aims to install more than 400 points along the Trans-European Transport Network (TEN-T).
The European Commission has approved a €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors that are key to accelerating the green transition and reducing fuel dependencies in the context of Russia's war against Ukraine.
Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest.
Schneider Electric is investing €40 million in a new smart factory in Hungary. The factory will be net zero. Geothermal energy and rooftop solar will power the site, and Schneider Electric's EcoStruxure energy management solutions will maximize its energy efficiency.
In a comprehensive modernization effort, real estate developer GTC switches to 100% green energy; reducing its domestic energy consumption by 20%.
China's CATL is building a factory in the eastern Hungarian city of Debrecen to produce batteries for electric cars, in a plant that will be one of the largest in its category in Europe.
The Boysen Group will invest HUF 60 billion to create 400 new jobs in Nyíregyháza, where the company will produce electric car components for BMW's Debrecen plant.
The European Commission announced it will support 10 pilot projects to establish new rail services or improve existing ones.
The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.
The European Commission approved the acquisition of Lotos by Polish PKN Orlen in the summer, and the news also had Hungarian implications, as PKN had to sell assets in order to acquire its sector partner, some of which were to be obtained bz Hungarian energy group Mol. The latest news is that this transaction has been completed, with Mol buying Lotos Paliwa, which operates 80% of the petrol stations owned by the Lotos oil company, for a total of USD 610 million.
The President of the Hungarian Energy and Public Utility Regulatory Authority (MEKH) has issued a decree extending the deadline for the implementation of power plants under preparation to receive renewable energy production subsidies.
According to the latest Hungarian Official Gazette, the government will adopt the "Hungary's Green Public Procurement Strategy 2022-2027" and set a series of tasks for Ministers in different areas.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
