According to a report released by the Bloomberg Agency today, Saturday, the Hungarian Foreign Minister Peter Zigzo stated that the energy efficiency programme in factories, which Hungary is proposing, will start in November, with a value of $ 360 million.
The report noted that the Hungarian Minister claimed in a statement made via email that the energy crisis was brought on by sanctions the European Union had imposed on Russia in response to its conflict with the neighbouring Ukraine.
Hungary explained that its new plan will provide 30% government support to companies in the capital Budapest and 45% support for companies outside the capital to help support energy efficiency investments. This new plan will cost no less than 200 million Forent, or 480 thousand dollars, and Hungary is currently providing assistance to some families due to the energy crisis.
The Hungarian Foreign Minister said: “The largest enemy of companies today is the severe increase in energy prices, which unfortunately is a direct result of the failed penalty policy in Brussels. ”
In a separate statement, Hungary’s Ministry of Innovation and Technology promised to increase the use of ground thermal energy, which is thought to be crucial for lowering the nation’s reliance on natural gas.
By the end of the present decade, the Ministry of Innovation and Technology expects to spend approximately 16 billion euros, or $ 15. 8 billion, on its Earth’s Energy Energy plan, and will create the legal framework for the use of ground thermal energy and the promotion of pertinent investments.
With a cost of $ 360 million, Hungary launches a plan to improve factory energy efficiency.
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