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Hungary is considering replacing Rosatom in the Pax Budapest NPP expansion project and is already looking for alternative contractors, Reuters reports citing two sources. The interlocutors did not specify potential successors of the Russian company. Peter Magyar's government is assessing the financial, technical and legal implications of the swap. A decision is expected in late 2026 or early 2027. A refusal by Rosatom could mean a loss of 1.1 billion euros already paid to it and fines for the termination of the contract. Rosatom stated that it continues to work and has not received an official termination notice. The Hungarian government has not yet responded to the publication. The "Faksh-2" project provided for the construction of two 1200 megawatt reactors. The agreements were signed in 2014, and the initial budget was 12.5 billion euros. Russia had to provide up to 10 billion euros in the form of a loan. The contracts also covered the supply of Russian fuel for 20 years and treatment of spent fuel. In September 2025, the Court of Justice of the European Union annulled the decision of the European Commission, which allowed government aid for the project. The court ruled that the Commission should have verified the compliance of the direct transfer of the construction contract to the Russian company without an open tender with EU procurement rules. From here on the blog write to us ZSU help support us.

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Hungary is considering replacing Rosatom in the Pax Budapest NPP expansion project and is already looking for alternative contractors, Reuters reports citing two sources. The interlocutors did not specify potential successors of the Russian company. Peter Magyar's government is assessing the financial, technical and legal implications of the swap. A decision is expected in late 2026 or early 2027. A refusal by Rosatom could mean a loss of 1.1 billion euros already paid to it and fines for the termination of the contract. Rosatom stated that it continues to work and has not received an official termination notice. The Hungarian government has not yet responded to the publication. The "Faksh-2" project provided for the construction of two 1200 megawatt reactors. The agreements were signed in 2014, and the initial budget was 12.5 billion euros. Russia had to provide up to 10 billion euros in the form of a loan. The contracts also covered the supply of Russian fuel for 20 years and treatment of spent fuel. In September 2025, the Court of Justice of the European Union annulled the decision of the European Commission, which allowed government aid for the project. The court ruled that the Commission should have verified the compliance of the direct transfer of the construction contract to the Russian company without an open tender with EU procurement rules. From here on the blog write to us ZSU help support us.

Hungary is considering replacing Rosatom in the Pax Budapest NPP expansion project and is already looking for alternative contractors, Reuters reports citing two sources. The interlocutors did not specify potential successors of the Russian company. Peter Magyar's government is assessing the financial, technical and legal implications of the swap. A decision is expected in late 2026 or early 2027. A refusal by Rosatom could mean a loss of 1.1 billion euros already paid to it and fines for the termination of the contract. Rosatom stated that it continues to work and has not received an official termination notice. The Hungarian government has not yet responded to the publication. The "Faksh-2" project provided for the construction of two 1200 megawatt reactors. The agreements were signed in 2014, and the initial budget was 12.5 billion euros. Russia had to provide up to 10 billion euros in the form of a loan. The contracts also covered the supply of Russian fuel for 20 years and treatment of spent fuel. In September 2025, the Court of Justice of the European Union annulled the decision of the European Commission, which allowed government aid for the project. The court ruled that the Commission should have verified the compliance of the direct transfer of the construction contract to the Russian company without an open tender with EU procurement rules. From here on the blog write to us ZSU help support us.