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 Democratic Republic of the Congo has confirmed an anthrax outbreak in the eastern North Kivu Province, resulting in one death, the World Health Organization (WHO) said on Thursday.
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U.S. President Donald Trump's national security adviser Mike Waltz and his deputy Alex Wong are stepping down, marking the first significant change in the President’s inner circle since he took office in January, U.S. media reported on Thursday.
U.S. President Donald Trump is set to release his fiscal year 2026 budget on Friday, which will be sent to Capitol Hill for review, Axios reported on Thursday.
The highly anticipated TEKNOFEST TRNC 2025 officially opened its doors on Thursday in the Turkish Republic of Northern Cyprus (TRNC), attracting tech enthusiasts, innovators, and visitors from around the world.
Afghanistan has officially received its 10,000th commercial container from China via the rail corridor passing through Central Asia, marking a significant achievement in the country's regional trade integration.
Kazakhstan has partnered with China for a significant oil exploration project in the Caspian Sea.
Two mass graves have recently been uncovered in Azerbaijan’s Karabakh region, believed to hold the remains of civilians who went missing during the First Karabakh War over 25 years ago. One grave was found near the city of Shusha, and the other along the Askeran-Khojaly road.
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Ukraine's parliament will ratify within the next few weeks a deal with the United States on developing minerals, First Deputy Prime Minister Yulia Svyrydenko said on Thursday.
U.S. President Donald Trump is set to release his fiscal year 2026 budget on Friday, which will be sent to Capitol Hill for review, Axios reported on Thursday.
The highly anticipated TEKNOFEST TRNC 2025 officially opened its doors on Thursday in the Turkish Republic of Northern Cyprus (TRNC), attracting tech enthusiasts, innovators, and visitors from around the world.
Afghanistan has officially received its 10,000th commercial container from China via the rail corridor passing through Central Asia, marking a significant achievement in the country's regional trade integration.
Kazakhstan has partnered with China for a significant oil exploration project in the Caspian Sea.
Two mass graves have recently been uncovered in Azerbaijan’s Karabakh region, believed to hold the remains of civilians who went missing during the First Karabakh War over 25 years ago. One grave was found near the city of Shusha, and the other along the Askeran-Khojaly road.
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