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Energy and utilities
The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmission and distribution of electricity derived from a variety of sources, including fossil fuels, nuclear power and renewable sources. It also includes activities concerned with fuels themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, and wholesaling and retailing of fuels.
Hungary is one of the net importers of electricity in Central East Europe (CEE), with a net import deficit of around HUF 144bn as of 2016. The country is increasingly dependent on electricity imports as its generating capacities are in decline as a ...
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In order to keep up with rising demand in one of the world’s fastest growing economies, Turkey’s power sector has expanded at a rapid pace over the last decade. At the same time, increased electricity consumption has posed challenges for ...
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The electric power industry in Russia generates 3% of the country’s gross domestic product (GDP) and the government sees it as a strategically important sector. So, in accordance with the Federal Law, the Russian government controls key assets ...
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The electric power sector in Romania is on track to become a full-fledged driver of the national economy with a significant international exposure. While the country is rich in natural resources, its power sector lacks privatisation focus and a ...
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The energy sector is responsible for nearly 8% of Poland’s GDP and its strategic importance for the country is overwhelming. The ageing of the power generation and transmission infrastructure is a major concern for the sector, which at the same ...
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The Hungarian electric power market is middle-sized compared to other European markets. The electric power sector is mature, meaning that all major power stations and the transmission network have been built and that electricity supply is stable. ...
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