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.
Zoltán Tanács, the Minister of Science and Technology, announced that the government is working on creating a new, integrated water science center due to the increasing water scarcity and droughts. The minister emphasized that the establishment of a modern research institute has become urgent since the closure of the VITUKI, which would provide a scientific basis for domestic water management and serve important strategic and national security interests.
The drought and heatwave in Europe have caused a severe energy crisis in countries along the Danube. Romania and Hungary are facing the shutdown of their nuclear power plants after the river’s water level has fallen to a historic low, threatening the cooling water supply for the reactors.
The Tisza government has withdrawn from the purchase of the Zugló office complex and is demanding the return of the more than 300 billion forints already paid by the state, Prime Minister Peter Magyar announced in a Facebook video.
The coming five days will see an extraordinary strain on the domestic power grid due to prolonged heat and low water levels in the Danube, so the government is asking the public and the business sector to reschedule electricity consumption outside peak hours, according to a Facebook post by Minister of Economic Affairs and Energy, István Kapitány.
On Thursday, the extreme heat that dominates the Carpathian Basin will reach its peak with temperatures above 40 degrees Celsius. However, thanks to a cold front coming from the north and northwest, the heat will ease somewhat over the weekend. However, prolonged rain across the country is not expected, as revealed in the HungaroMet Facebook video.
US manufacturing activity surged to a four-year high in July due to a significant increase in order volumes, while the ongoing conflict in the Middle East continues to put pressure on supply chains and keep producer prices high.
According to Mark Cabana, a Bank of America interest rate strategist, the selling pressure in the U.S. Treasury market will continue if the Federal Reserve cannot credibly communicate its plans to achieve a 2 percent inflation target, Bloomberg reported.
A severe drought has created a historically significant water shortage on the upper section of the Danube, which has a significant impact on the river’s water level in Hungary. Due to the severe drought, the Danube is already transporting very little water even at its source, which has led to record-low water levels in neighboring countries. László Gajdos, Minister for the Living Environment of the TISZA, detailed the situation in a Facebook post.
Following Botond Feledy, another new head of the Hungarian Intelligence Service has been appointed: András Rácz has been appointed as deputy director general.
The energy storage systems belonging to Futureal Energy Partners have begun operations at a total of five locations of the HelloParks logistics megaparks in Maglódon, Fóton, and Páty.
During the Orban era, Hungarian business tycoons who built empires through political connections have been forced to rethink their strategies, as the new Hungarian government has made greater transparency and combating corruption its priorities, according to a comprehensive article by Reuters.
The economic damage from this year’s European forest fires and heatwaves has already exceeded 3 billion euros, according to a Financial Times analysis. The extent of the damage far exceeds the average estimated by the European Commission, while in Greece, the fires are still raging and helicopters participating in firefighting efforts have also caused fatalities - this was reported by Reuters.
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