The Belgian-Hungarian-owned Weerts Logistics Park (WLP) has opened a sustainable, 40,000 square metre production facility in Vecsés one of the world’s largest automotive suppliers the total investment reached over 57 million euros with Magna further contributing to the manufacturing equipment leasing it to Magna under a long-term agreement Key sustainable features of the facility include a rainwater recycling system and advanced energy-efficient technology Waste heat generated by machinery is integrated into the building’s heating system while solar panels are being installed across the roof to support the entire facility with green energy WLP noted its commitment to rigorous environmental monitoring to ensure that operations have no adverse environmental impact WLP has also prioritized community relations and the needs of local residents an earth embankment planted with trees and shrubs has been built around the facility This natural barrier not only surpasses traditional noise-reduction walls in effectiveness but also enhances local biodiversity Strategically located with direct connections to motorways M0 the plant enjoys proximity to Budapest’s Liszt Ferenc International Airport The Vecsés location allows for easy commuting from nearby towns and Budapest’s 18th district The new facility is expected to stimulate the local economy by creating jobs and supporting regional economic growth with production projected to begin by late 2025 Weerts Logistics has developed over 200,000 square metres of facilities across Hungary over the past six years creating 905 jobs and hosting numerous Hungarian firms The company also boasts over 1 million square metres of high-tech logistics investments across Belgium solidifying its role as a leading logistics developer in Europe Hungarian Conservative is a quarterly magazine on contemporary political philosophical and cultural issues from a conservative perspective Please enable JS and disable any ad blocker MOL has discovered a new oil field near Somogysámson in Western Hungary During the exploration drilling carried out in December 2024 the well has potential to produce 1,200 bpd we have again discovered a new oil field – this time in the Transdanubian region where we last discovered oil more than a decade ago,” said Zsombor Marton Executive Vice President of MOL Group Exploration and Production “The fact that we achieved this success in the concession belonging to Bázakerettye which has an almost 100-year oil industry tradition is clear evidence that there is still potential in hydrocarbon exploration in Hungary We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country's security of supply: with the oil deposits in Vecsés and Tura and the natural gas fields in Eastern Hungary we have reached a five-year peak in domestic production.” our oil supply is largely via pipelines and intermediaries,” added Dr “It is clear that we need to reduce Hungary's import dependence by all means available We will continue our investments and will do our utmost to maintain and The drilling of the new well in the Somogysámson oilfield Based on the well tests carried out prior to March 2025 the well is currently proven to be capable of producing 1,200 bpd which is transported by truck to the Danube Refinery in Százhalombatta This new discovery will also help meet the country's energy needs MOL has ambitious E&P investment plans the company plans to invest approximately HUF 150 billion in oil and natural gas production in Hungary MOL is the largest hydrocarbon producer in Hungary producing at almost 1,300 oil and natural gas wells MOL provided 47% of crude oil (almost 600,000 tonnes) and nearly 90% of natural gas (nearly 1.5 billion m3) of domestic production Hungary is the most significant in the MOL Group's oil and gas production portfolio currently accounting for approximately 39% of total production The oil production of the Som-8 well is around 1200 bpd accounting for about 1% of MOL Group's total hydrocarbon production As part of MOL Group's international portfolio the company has oil and gas exploration and production assets in nine countries it produced an average of 93.8 thousand barrels of oil equivalent per day (boed) To maintain the updated SHAPE TOMORROW strategy target of at least 90,000 bpd production level over the next five years the company aims to further strengthen its international portfolio and seeks additional strategic partnerships it has recently signed cooperation agreements with the national oil company of Kazakhstan (KazMunayGas) the national oil company of Azerbaijan (SOCAR) and the national oil company of Türkiye (Turkish Petroleum) The Budapest Times Test production of the Vecses-1 well started with a production rate of 1,300 barrels per day equivalent to around 1.5pc of group-level hydrocarbon production MOL said it expected production at Vecses-1 to increase in the near future You must be 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You will receive mail with link to set new password Image: Activists attend the launch of a new Hungarian extreme right group Hungary (Reuters) – Hundreds of Hungarian right-wing militants gathered in a Budapest suburb on Saturday to launch a new political movement they hope will run in next year’s parliamentary elections on a ticket that includes open racism has been moving away from its far-right roots and is staking out a more centrist position This has created space for new hard-right initiatives Three groups held a rally in the suburb of Vecses labelled “unfurling the flag of the far right” Although attendance was limited its leaders have reached a national audience in the media and plan to take part in the 2018 elections looks to be more radical than any political organisation targeting a serious political role since the fall of Communism and uses openly racist language to oppose liberalism and immigration told the crowd of mostly black-clad muscular tattooed men that Europe showed an ill-conceived tolerance in the face of peril from its existing minorities and the influx of millions more people “Tens of millions are added to the ranks of the Arabs Africans and Gypsies who will show no tolerance once they realise the power that their demographic significance lends them,” he said “Our ethnic community must come first… there is no equality.” to paint a stark picture of Europe’s present “World history is made and lost on population the fight for living space and the fight to hold on to living space,” he said “Anyone who says different is either delusional or lying I am proud to be a white European… And I reserve the right to defend that.” Echoing Prime Minister Viktor Orban’s frequently touted ideal of an illiberal state They are our main enemy and we will do everything to destroy their ideals in our public… These people lose their nationality their race awareness and soon their sexual identity Such people must be forced out of our living space.” a supporter approached him to sign a new copy of Adolf Hitler’s book Mein Kampf (Reporting by Marton Dunai; Editing by Stephen Powell) You must be logged in to post a comment.