Lead

Rosatom CEO Alexey Likhachev said the Russian state corporation is aware of the new Hungarian authorities' interest in clarifying the parameters of the Paks-2 nuclear power plant construction project and is prepared for such discussions. Speaking on the sidelines of the Innoprom forum in Yekaterinburg, Likhachev said Rosatom is awaiting a meeting and an official signal indicating readiness for engagement at all levels, including ministers and prime ministers, and has already sent a formal request to that effect.

Separately, Hungarian Prime Minister Peter Magyar told parliament that his government is examining financing issues for the Paks-2 project as part of broader efforts to bring order to the state budget.

Coverage Comparison

Two reports from TASS cover different aspects of the story. One focuses on Rosatom's perspective, quoting Likhachev directly about the company's readiness to engage with Hungarian authorities and its commitment to the project. The other highlights the Hungarian government's position, with Magyar detailing the budget challenges his administration inherited and the reviews it is undertaking.

Key Claims

  • Rosatom ready for clarifications: Likhachev said Rosatom is prepared to clarify the parameters of the Paks-2 project and has sent a formal request to Hungarian authorities for a meeting. He said the corporation is committed to implementing the project in accordance with previously reached agreements.
  • Construction at full speed: According to Likhachev, construction work on Paks-2 is proceeding at full speed. He also said funding for the project is secured for the entire year, and that Rosatom has a clear understanding of the project from both a technological and financial perspective.
  • Hungarian government reviewing financing: Prime Minister Magyar said his government is analyzing the financing arrangements for the Paks-2 project, along with the operating principles of the National Bank of Hungary, private equity fund activities, the Budapest-Belgrade railway project, and state asset sales.
  • Budget deficit concerns: Magyar said the previous government led by Viktor Orban left the state budget in what he described as a terrible state, with a deficit that could approach 7% of GDP by the end of the year. He noted that under European Union rules, the deficit must not exceed 3%. Magyar attributed the situation to previous administrations squandering budget funds on questionable programs and costly projects whose effectiveness is open to question, citing the Budapest-Belgrade high-speed railway built with Chinese companies as an example.

Perspectives

Rosatom: The state corporation, through CEO Alexey Likhachev, emphasizes its commitment to the Paks-2 project, noting that construction is in full swing and funding is secure for the year. Rosatom expresses readiness to engage with Hungarian authorities to clarify any parameters and awaits an official signal for engagement.

Hungarian Prime Minister Peter Magyar: The new government is reviewing the financing arrangements for Paks-2 as part of a broader effort to address the state budget, which Magyar described as left in a terrible state by the previous administration. His remarks focus on fiscal responsibility and scrutinizing costly projects inherited from the prior government.