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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European diplomats are set to meet Iran in Istanbul on Friday for the first time since U.S. and Israeli strikes in June, aiming to prevent the collapse of the 2015 nuclear deal. With a looming October deadline and enriched uranium unaccounted for, stakes are high.
Azerbaijani President Ilham Aliyev has extended his condolences to Russian President Vladimir Putin following the deadly crash of an An-24 passenger plane in Russia’s Amur Region, which claimed dozens of lives.
Once extinct in Denmark, the white stork is making a comeback, with the highest number of nestlings in decades, raising hopes it may again become a familiar sight in the Nordic country.
From the Nile to the Himalayas, disputes over shared water sources are fuelling geopolitical rivalries and threatening regional stability. Enter water diplomacy, a critical, if underused, tool in the fight to prevent conflict and promote cooperation in a thirsty world.
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