Budapest - The heads of the EU's European Investment Bank and the European Bank for Reconstruction and Development (EBRD) said on Tuesday that their institutions are prepared to provide financial backing for the Nabucco gas pipeline project, providing certain conditions are met.
"The EIB is ready to finance projects that further EU objectives of increased sustainability and energy security," said the president of the European Investment Bank Philippe Maystadt during the opening addresses by participants in a "Nabucco summit" in Hungary on Tuesday.
Budapest - Senior EU ministers, heads of state and financiers began arriving in the Hungarian capital on Monday for a high-level summit to discuss the planned Nabucco gas pipeline.
Hungary's Socialist Prime Minister Ferenc Gyurcsany said he intends to urge the European Union at the summit on Tuesday to provide financial backing to help get the Nabucco project off the ground.
Nabucco is a 3,300-kilometre gas pipeline that is planned to bring natural gas from Central Asia and the Middle East into the EU. The eight-billion-euro project is seen by the EU as a crucial step towards reducing Europe's dependence on Russian gas.
Budapest - One of three terminals at Budapest's Ferihegy International Airport was closed from 4 pm (1500 GMT) on Monday as ground staff resumed a strike over pay and conditions.
"Management has made no serious attempt in the past few weeks to solve the industrial dispute," the two unions behind the strike said in a statement.
Budapest Airport announced that passengers should expect delays of a few hours, but no cancellations should be necessary.
Budapest - A motley fleet of more than 200 vehicles set off from Budapest on Saturday on the first stage of the Budapest-Bamako rally, a 9,000-kilometre trek that will take them across Europe and the Sahara Desert to Mali in West Africa.
With Dakar Rally exiled to Latin America by the threat of terrorism, it had fallen to Hungary to organize The Great African Run.
Budapest - The ongoing gas supply crisis caused by the row between Ukraine and Russia over pricing could be provide a timely shot in the arm for the Nabucco gas pipeline project, Hungary's ambassador for the project said on Friday.
The planned Nabucco pipeline, favoured by the EU and the US, would bring gas from the Middle East and Central Asia through Turkey and the Balkans into Austria, cutting Russia out of the supply chain.
Budapest - The heads of the EU's European Investment Bank and the European Bank for Reconstruction and Development (EBRD) said on Tuesday that their institutions are prepared to provide financial backing for the Nabucco gas pipeline project, providing certain conditions are met.
Budapest - Senior EU ministers, heads of state and financiers began arriving in the Hungarian capital on Monday for a high-level summit to discuss the planned Nabucco gas pipeline.
Budapest - One of three terminals at Budapest's Ferihegy International Airport was closed from 4 pm (1500 GMT) on Monday as ground staff resumed a strike over pay and conditions.
Budapest - A motley fleet of more than 200 vehicles set off from Budapest on Saturday on the first stage of the Budapest-Bamako rally, a 9,000-kilometre trek that will take them across Europe and the Sahara Desert to Mali in West Africa.
London, Jan 17 : A gorilla in Hungary had to undergo a rare lifesaving s
Budapest - The ongoing gas supply crisis caused by the row between Ukraine and Russia over pricing could be provide a timely shot in the arm for the Nabucco gas pipeline project, Hungary's ambassador for the project said on Friday.
