Nuclear & Grid Emergency: Hungary’s Paks nuclear plant is set for its first full shutdown in 44 years as record-low Danube water levels undermine cooling; PM Péter Magyar says the last 240 MW turbine may keep running through Monday/Tuesday, while the government urges power-saving to avoid household curbs. Regional Energy Pressure: Romania declared an August power alert after Danube drought cut Cernavodă output, including a reactor shutdown, and resorted to emergency water works to protect cooling. Grid Demand Management: Hungary has so far avoided mandatory industrial cutbacks thanks to voluntary savings, but a decree allows restrictions if needed; telecoms Yettel and Magyar Telekom also moved to mandatory remote work to ease grid strain. Water & Cities: Budapest started emergency water conservation, switching off 40 fountains and artificial waterfalls. Industry Pulse: Hungary’s PMI edged down to 51.4 in July, with slower manufacturing expansion but still-growing new orders. EU Tech Push: The EU launched a call for up to seven AI Gigafactories, aiming to boost Europe’s AI computing capacity with major public and private funding. Logistics Hit by Drought: Rhine and Danube low-water conditions are disrupting inland shipping, pushing up freight costs and raising supply-risk for industrial commodities.