News / Brèves BRICS Silk Road / Route de la soie Back to previous selection / Retour à la sélection précédente President Putin in Hungary promises two nuclear power units 3 February 2017 EIRNS—Visiting Hungary, Russian President Vladimir Putin, following his talks with Hungarian Prime Minister Viktor Orban today, said Russia and Hungary have agreed to step up cooperation in nuclear power, including the Paks NPP project. "In particular, we agreed to step up joint work in the energy sphere," Putin said, adding that Russia attached great importance to the project for building two new reactors at the Paks NPP plant worth 12 billion euros, which is under way. When the project is completed, the capacity of the Paks NPP will double, Tass reported today. Tass also noted Putin "did not rule out Russia may fully finance construction of two units... It means ten thousand extra high technology jobs with good salaries, reliability improvement and work for future development of the Hungarian economy on the whole," Putin said. In addition, Hungary’s Minister of Foreign Affairs and Trade Péter Szijjarto said today after meeting with Russian Minister of Industry and Trade Denis Manturov in Budapest, that "Hungary and Russia will form closer cooperation in heavy industry developments in technology-intensive sectors," Budapest Business Journal reported. Szijjarto also said that both sides have agreed on continuing Hungary’s and Russia’s cooperation in the area of space research. He also noted "the success of Hungarian farm technology investments in Russia," and spoke about incentives for the construction of Hungarian water management systems in the country, Budapest Business Journal report noted. [RMA]