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Energy crisis: record heat, slightly higher Danube, drying streams and ongoing energy and water conservation nationwide
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Energy crisis: record heat, slightly higher Danube, drying streams and ongoing energy and water conservation nationwide

Today, record-breaking heat is being experienced, but the Danube water level has improved, exceeding Sunday’s low point by nearly 10 centimeters, and one block of the Paks Nuclear Power Plant is operational. A positive development is that Hungary will receive the guaranteed Danube water volume guaranteed in international agreements, while Slovakia is prepared to release some additional water. Many organizations across the country are continuing to conserve energy and water due to the heat. We can continue to follow the developments.

Latest Dispatches

Moscow has made a significant decision, extending the fuel export ban for months. makro-gazdasagpolitika

Moscow has made a significant decision, extending the fuel export ban for months.

Russia has extended its ban on the export of gasoline and diesel fuel until the end of January 2027 to ensure domestic supply and curb price increases. The measure is not expected to directly threaten Hungary’s fuel supply, but it could also push domestic prices up through the shrinking international supply.

Portfolio.hu - Gazdaság
A comprehensive leadership reshuffle has taken place at MVM. makro-gazdasagpolitika

A comprehensive leadership reshuffle has taken place at MVM.

The leadership bodies of MVM have undergone comprehensive changes: the board of directors has a new chairman and five new members, while the supervisory board has also undergone almost complete changes. In the management of the state energy company, several current leaders of the Ministry of Economic Affairs have also taken on direct roles.

Portfolio.hu - Gazdaság
IKEA has reached an agreement with the trade union: workers will receive a one-time bonus. makro-gazdasagpolitika

IKEA has reached an agreement with the trade union: workers will receive a one-time bonus.

IKEA Hungary and the Trade Employees Union (KASZ) have reached an agreement, according to which employees will receive a one-time, gross salary of 100,000 forints in August, proportional to their working hours. The decision aims to alleviate financial pressure caused by high inflation, as a supplement to the spring salary adjustments, according to a statement released by the company.

Portfolio.hu - Gazdaság
Paksi Nuclear Power Plant: preparing for an unprecedented step, so the country will experience a period without nuclear energy. makro-gazdasagpolitika

Paksi Nuclear Power Plant: preparing for an unprecedented step, so the country will experience a period without nuclear energy.

Hungarian electricity supply is currently secure, thanks to European integration and import capabilities. However, the gradual shutdown of the Paks Nuclear Power Plant highlights the need to expand and diversify the power plant park, as well as to rethink the energy strategy. Extreme weather conditions and the situation in the Eastern Mediterranean gas market further complicate the situation, a situation that is also reinforced by past energy policy decisions.

Portfolio.hu - Gazdaság
Flames erupted along a railway line: MÁV uses replacement buses makro-gazdasagpolitika

Flames erupted along a railway line: MÁV uses replacement buses

Approximately twenty kilometers of the railway embankment are on fire between Sárszentmihály and Pétfürdő, the Veszprém County Disaster Management Office announced to MTI on Thursday afternoon.

Portfolio.hu - Gazdaság
Magyar Péter made an extraordinary announcement: the Paks Nuclear Power Plant will shut down, and a schedule for voluntary closure will be necessary. makro-gazdasagpolitika

Magyar Péter made an extraordinary announcement: the Paks Nuclear Power Plant will shut down, and a schedule for voluntary closure will be necessary.

The Paks Nuclear Power Plant, for the first time in its 44-year history, will be able to completely shut down electricity production due to the record low water level in the Danube, according to Peter Magyar, who announced the news from the MAVIR national control center. According to the Prime Minister, a total of 2400 megawatts of domestic generating capacity may be lost within 24-72 hours, so the government is requesting that industrial consumers and the public voluntarily reduce their consumption.

Portfolio.hu - Gazdaság
Drought in Hungary has caused irreversible damage: a disappointing map has been published makro-gazdasagpolitika

Drought in Hungary has caused irreversible damage: a disappointing map has been published

In the first half of the week, sunny and extremely hot weather is expected, which will last for about a week. Heavy rains have occurred in the past, but due to the small amount of rainfall, the crops are starting to dry out prematurely due to heat and water stress. The heat is also negatively affecting natural vegetation, indicating that the lack of rain will worsen the situation, according to a HungaroMet analysis.

Portfolio.hu - Gazdaság
The Paks nuclear power plant may soon be shut down: the entire country is now watching makro-gazdasagpolitika

The Paks nuclear power plant may soon be shut down: the entire country is now watching

Another heatwave is expected in Hungary, with temperatures potentially reaching 40 degrees Celsius, while the record low water level in the Danube has forced a reduction in the output of the Paks nuclear power plant. Estimates suggest that the entire plant could be shut down within 24-72 hours, resulting in a loss of 2000 megawatts of production. According to Prime Minister Magyar Péter, energy supply is secured through imports, and according to Google Trends data, interest in the power plant has reached the highest level in five years.

Portfolio.hu - Gazdaság
Heat: A new and important thing has been discovered about city parks makro-gazdasagpolitika

Heat: A new and important thing has been discovered about city parks

Although urban parks are crucial in combating extreme heat waves, simply increasing green spaces is not sufficient to mitigate the urban heat island effect. A recent study by the University of Victoria revealed that to maximize the cooling effect of parks, the design should be adapted to the surrounding built environment and the different microclimatic needs of different times of day, as reported by Phys.org.

Portfolio.hu - Gazdaság
Italian runners are striking: the algorithm drives them even in the hellish heat makro-gazdasagpolitika

Italian runners are striking: the algorithm drives them even in the hellish heat

Rome’s food delivery workers are staging a coordinated strike due to extreme heat and unfair working conditions, joining the wave of protests unfolding in other Italian cities. Meanwhile, Bologna has opened the country’s first municipal rest center specifically for platform workers, according to Wanted in Rome.

Portfolio.hu - Gazdaság