Hungary joins Russia-EU gas pipeline project
Published: 07 December, 2007, 17:38
Hungary is to join the South Stream gas pipeline project. The joint venture by the Russian company, Gazprom, and the Italian, Eni, will deliver Russian gas to Southern Europe. The pipeline is planned to be online in 2013.
Friday’s announcement was made by the Hungarian Prime Minister, Ferenc Gyurcsány, following talks with his Russian counterpart, Viktor Zubkov, in Budapest.
Apart from oil and gas, discussion has also taken place on a range of other issues such as cooperation on nanotechnology and transport.
During the visit, Russian aircraft producer, Sukhoi, and Hungarian air carrier, Malev, signed an agreement to build a repair base for the Sukhoi Superjet-100.
07.12.2007, 12:45
Russian steel giants in $US 600 million mergerNovolipetsk Steel (NLMK) has agreed to buy 50 per cent plus one share of rival metal firm Maxi group. The deal, worth $US 600 million, gives NLMK a controlling stake in Maxi and increases its share of the building steel market. |
07.12.2007, 20:27
Russian car giant teams up with RenaultState-run arms export group Rosoboronexport, which currently owns 75% of the Russian car giant Avtovaz is to sell a 25% stake in the car-maker to French auto-manufacturer Renault, with a view to forming a strategic partnership. |
