Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information Oil transportation pipes and storage tanks at an oil and gas field in Algyo 2025 at 7:56 AM ESTUpdated on February 10 2025 at 1:04 PM ESTBookmarkSaveMET Gas and Energy Marketing will supply gas to Moldova’s pro-Russian region of Transnistria after the enclave rejected further European Union assistance The EU gave €20 million ($21 million) to Transnistria — a sliver of mainly Russian-speaking territory with more than 350,000 residents — for gas purchases from Feb 10 after a halt in Russian flows at the beginning of this year triggered an energy crisis with rolling blackouts Hungarian energy giant MOL has made three new natural gas discoveries in Pakistan’s Tal Block and has begun developing extraction strategies for the sites Foreign Minister Péter Szijjártó announced during a joint press conference with his Pakistani counterpart Szijjártó described MOL’s presence in Pakistan as the most significant success story of Hungarian–Pakistani cooperation The company has operated in the country for 25 years investing over 400 million dollars and employing around 900 people locally MOL currently ranks second in Pakistan for crude oil and LPG extraction The newly discovered gas fields could enhance this standing further strengthening Pakistan’s energy supply and contributing to the growth of both the local energy sector and the Hungarian economy Szijjártó emphasized that MOL’s success abroad benefits Hungary’s national economy as strong international performance by its largest companies brings home valuable returns we’re aiming for broader and stronger cooperation between Hungary and Pakistan’ He also highlighted the importance of deepening bilateral economic ties noting that Hungary and Pakistan have always maintained a respectful relationship free from political interference or disputes creates a favourable environment for business cooperation Seventeen Hungarian business leaders accompanied the minister on his visit representing sectors where Hungary is globally competitive Szijjártó welcomed the doubling of bilateral trade volume by April this year and celebrated a record-breaking level of Pakistani imports in 2024 both nations are preparing agreements on investment protection and civil aviation with hopes for direct air links between the two countries we’re aiming for broader and stronger cooperation between Hungary and Pakistan,’ the minister concluded Hungarian Conservative is a quarterly magazine on contemporary political philosophical and cultural issues from a conservative perspective The Hódmezővásárhely-Szeged tram-train line is served by Citylink hybrid vehicles supplied by Swiss company Stadler The Hódmezővásárhely-Szeged tram-train is Hungary’s first public tram-train system It links Hódmezővásárhely and Szeged cities in Csongrád county in southern Hungary Providing a transfer-free connection between the two city centres the tram-train system became fully operational in November 2021 Construction began in April 2018 and the system is operated by Hungarian national train operator MÁV-Start The project aims to establish a sustainable and safe alternative to private car transportation The connection between the two downtowns with a direct fixed railway track will reduce the travel time and increase accessibility It will also enhance the competitiveness of public transportation The project involved the construction of a 3.6km-long single-track tram line between the Hódmezővásárhely Népkert railway station and the Hódmezővásárhely railway terminal The line includes two traffic bypasses and a two-track tram-train terminal The tram line passes through five stations including the Hódmezővásárhely Folk Garden and a double-track terminal near Hódmezővásárhely main station The tram-train deviates from the main railway line at the Hódmezővásárhely Népkert junction and switches to tram operation Andrássy út and Bajcsy-Zsilinszky utca before terminating near the Hódmezővásárhely station The tram-train service includes 12 hybrid vehicles capable of operating safely on both urban tram and rail networks. The Citylink bi-directional dual-mode vehicles are designed to meet the latest safety standards The low-floor and barrier-free configuration enables easy accessibility to people with limited mobility The travel time between the two cities has been reduced to less than 40 minutes The Citylink has a lightweight maintenance-free design and its car bodies are made of high-strength stainless steel as well as four double-leaf doors on each side and a ramp system The 37.2m-long and 2.65m-wide diesel-electric hybrid tram-train weighs about 71t and can accommodate 216 passengers of which 16 are foldable and four are wheelchair-accessible The tram-train has two multi-purpose spaces to accommodate wheelchairs Amenities include an advanced passenger information system, air conditioning, Wi-Fi, charging points for mobiles and laptops, and a state-of-the-art onboard security camera system The vehicles are powered by the 600V DC overhead line network in the two cities as well as two low-emission 390kW diesel power-packs on the main railway line connecting the two cities Designed to run at a maximum speed of 100km/h the vehicles can travel at a maximum speed of 50km/h while diesel-powered operation on the open line is expected to increase the speeds up to 80km/h The Hódmezővásárhely-Szeged tram-train project includes the building of tramways The 22km-long Szeged-Rókus Branch-Hódmezővásárhely Népkert station section was renovated to meet the requirements for the existing track speed of 100km/h The construction works also included a new second track between the Szeged Rókus-Baktó Branch and the Sártó Branch-Kopáncs station The Algyő Tisza Bridge over the Tisza River was also repaired as part of the project The Algyo station was renovated with a new passenger platform while the Hódmezővásárhely Nepkert station was entirely rebuilt The central traffic control on the Szeged Rókus Branch-Hódmezővásárhely People’s Garden route had to be constructed Multiple park-and-ride parking lots and 900 bicycle storage spaces were created in Hódmezővásárhely The total investment in the tram-train project is estimated at HUF80bn ($270.64m) The project is supported by funding from Nemzeti Infrastruktúra Fejlesztő (NIF) a state-owned infrastructure development company The European Union also provided funding for the project The Hungarian Ministry of National Development awarded grants worth HUF17.62bn ($53.83bn) for the purchase of eight new hybrid tram-train vehicles The grant also covers funding for other components including the procurement of the underground bicycle lathe equipment for the construction of a tram-train maintenance base in Szeged and Forrás Unió was engaged to prepare a feasibility study for the establishment of public transportation connections between Hódmezővásárhely and Szeged a joint venture between MÁV Hungarian State Railways and voestalpine Railway Systems was selected to provide turnouts for the project in 2018 MÁV-START awarded a contract to Swiss rolling stock manufacturer Stadler for the delivery of eight bi-mode tram-train vehicles in May 2017. The company received another order for the delivery of four additional Citylink tram-trains Hungarian railway construction company Swietelsky Vasúttechnika was awarded the contract for the construction works of the project provided the construction plans for the reconstruction of large railways as part of the project Főmterv was appointed to prepare the construction plan for the urban railway infrastructure was awarded a contract for the construction of a tram-train maintenance facility at the Szeged-Rendező railway station Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Hungary and Serbia are ready to construct a new oil pipeline This major investment will enhance energy security for both countries as announced by Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó in Belgrade on Thursday Following discussions with Serbian Energy Minister Dubravka Đedović Szijjártó highlighted that the two countries will soon embark on another significant energy security investment: the construction of a new oil pipeline that will contribute to the supply of both Hungary and Serbia Szijjártó also mentioned progress on another project aimed at doubling the electricity transmission capacity between the two countries by 2028 The minister emphasised the importance of close cooperation and continuous consultation between countries with limited energy resources especially given the frequent energy crises often caused by “political hysteria” He stated that “there is no Hungarian energy security without Serbia and no Serbian energy security without Hungary” Important points of data about Serbia-Hungary cooperation: sanctions on a Russian company supplying oil and fuel to Serbia calling it a common problem for the region He warned that this could lead to price increases if Serbian refining capacities are removed from the regional supply The minister expressed hope for resolving this situation in the short term stating that they have agreed to maintain close regional cooperation to prevent any disruptions in the regional fuel market due to the sanctions Both the Hungarian and Serbian governments attach strategic importance to continually developing bilateral relations adding this was sorely needed given the emergence of a new world order Szijjártó said a new world order and new realities were developing in the wake of the inauguration of the new US president He added that this was “good news” because Donald Trump pursued patriotic policies confronted “woke ideology” and had put an end to the previous “shameless interference” in the domestic affairs of foreign countries we can of course still see continual attacks against patriotic and sovereigntist governments… But what’s changed is that instead of both Brussels and Washington This is not pleasant but much easier to ward off,” he said we’re monitoring events in Serbia and can see the attempts at destabilisation underway We Hungarians have a vested interest in stability and peace in Serbia,” he said Szijjártó welcomed efforts by the Serbian president and government that he said were unavoidable for developing bilateral relations He praised the results of cooperation between the two countries citing the modernisation of rail links between the two capitals and mutual contributions to each other’s energy security He also said that Europe’s most modern and largest border crossing will be built at Röszke enabling the fastest possible journeys between the two countries He added that a decision has been made to extend the opening hours of already operating border crossings The less Hungary has to do with corrupt Ukraine the better off Hungarians will be Excellent news although energy independence should be absolute top priority You never knows which way the winds of change might blow: Serbia might become as unreliable tomorrow as the corrupt Ukraine is today I’m buyin’ whatever that cute Dubravka over yonder is sellin’ then go and check the stats of crude oil reserves in Serbia and tell me if you will become independent… how can you bypass Ukraine if there is not a pipeline and website in this browser for the next time I comment Y"},"category":false,"taxonomy":{"active":false,"name":"category"}},"markup":{"custom_html":true,"wpp-start":"","wpp-end":"<\/ul>","title-start":"","title-end":"<\/h2>","post-html":"{thumb} {title} {stats}<\/span>{excerpt}<\/p><\/li>"},"theme":{"name":""}} You have successfully joined our subscriber list SupportUs Newsletter © 2025 DailyNewsHungary | All rights reserved