Hungarian energy company MVM is eager to contribute to Azerbaijan’s renewable energy projects and sees the Black Sea green energy corridor as a vital step for regional energy diversification.
Hungary’s state-owned energy firm MVM has expressed a strong interest in joining Azerbaijan’s renewable energy initiatives. Speaking at the “Innovative Pathways to a Greener Future” event, MVM CEO Károly Mátrai highlighted the company’s desire to share expertise and explore business opportunities in Azerbaijan’s green energy sector.
Mátrai described the planned green energy corridor under the Black Sea as strategically important for Hungary, drawing a parallel to the Shah Deniz gas project, which previously helped diversify Hungary’s gas supply. The new corridor, he said, offers similar strategic value—this time in the electricity market.
He noted that Hungary currently imports 20–25% of its electricity, depending on weather conditions, due to insufficient domestic production. The green energy corridor, which would connect the Caspian region to Europe, could offer a reliable and cost-effective energy source.
Mátrai also emphasized the broader impact of the project, particularly in the Balkans, where electricity prices can be extremely volatile due to limited generating capacity. The availability of Azerbaijani electricity, he argued, could help lower regional energy costs and enhance overall stability.
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The United States has issued an international warning accusing Chinese firms, including AI start-up DeepSeek, of allegedly stealing intellectual property from American artificial intelligence labs.
Iran's Foreign Affairs Spokesman Esmaeil Baqaei said on Saturday (25 April) that there were no plans to meet with the U.S. in Islamabad, despite Iranian Foreign Minister Abbas Araghchi landing in the Pakistani capital late on Friday. Araghchi said he was visiting Islamabad, Muscat and Moscow.
Argentina has reiterated its interest in resuming talks with the United Kingdom over the Falkland Islands, a disputed archipelago in the South Atlantic, after reports that an internal Pentagon email suggested reviewing Washington’s support for the UK’s claim amid tensions over the Iran war.
Diplomatic efforts to end the Iran war are intensifying, with the White House confirming that U.S. President Donald Trump will send special envoy Steve Witkoff and adviser Jared Kushner to Islamabad for talks with Iran under Pakistani mediation.
Two local trains collided head-on north of Copenhagen on Thursday (23 April), injuring 17 people, five of them critically, according to emergency services.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
Diplomatic efforts to end the Iran war are intensifying, with the White House confirming that U.S. President Donald Trump will send special envoy Steve Witkoff and adviser Jared Kushner to Islamabad for talks with Iran under Pakistani mediation.
Russian emergency services have contained a major fire at the Tuapse oil refinery on the Black Sea coast, local officials said on Thursday, ending a four-day effort after a Ukrainian drone strike.
Slovenia’s national broadcaster RTV Slovenia has confirmed it will not air the Eurovision Song Contest 2026, joining a widening boycott over Israel’s participation.
Argentina has reiterated its interest in resuming talks with the United Kingdom over the Falkland Islands, a disputed archipelago in the South Atlantic, after reports that an internal Pentagon email suggested reviewing Washington’s support for the UK’s claim amid tensions over the Iran war.
China has urged the European Union to take its concerns seriously over new cybersecurity and digital regulations, warning they could create difficulties for Chinese companies operating in Europe.
Russia and Ukraine have swapped prisoners of war, according to officials on both sides. Ukraine’s President Volodymyr Zelenskyy said 193 prisoners, including soldiers and border guards, had been returned from Russia, some injured and facing criminal charges.
Türkiye and the United Kingdom on Thursday signed a wide-ranging strategic partnership agreement to boost bilateral cooperation, especially in defence. The deal, signed in London, signals a “new era” in relations between the two NATO allies.
The U.S. and the European Union are set to sign a memorandum of understanding on Friday to establish a partnership on the procurement and production of critical minerals, the U.S. State Department confirmed late on Thursday.
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