The European Union removed the final obstacle for what Hungary has called its “deal of the century,” a 12.5 billion-euro ($13.3 billion) agreement with Russia to expand its sole nuclear plant that put the former communist country in the EU’s cross-hairs over its ties with President Vladimir Putin.
Bloomberg: EU greenlights Hungary’s Russia-backed `deal of the century’
Greenpeace activists play their drums made of colored metal bins to protest against the Hungarian government's energy policy at the banks of the Danube River on the opposite side of the Hungarian parliament building on April 3, 2014 in Budapest. The oil and gas dependence of Hungary at present is almost 80 per cent, and after signing the Paks treaty, the dependence of the country's electric energy production may also reach 80 per cent by 2030. Hungary signed a cooperation agreement with Russian President Vladimir Putin to build two new blocks of Hungarian nuclear power plant in Paks town.
