AGP Executive Report
Last update: 10 hours agoEnergy & Grid Modernisation: Hungary’s electricity upgrade push gets a boost as EU energy grants worth 500bn forints open in June for grid and smart-meter projects, aiming to connect thousands of megawatts of clean power and improve supply flexibility. Health Infrastructure: The government also earmarked 3.4bn forints for urgent hospital air-conditioning repairs ahead of heatwave risks. EV Manufacturing & Investment: BYD is prioritising Hungary for its first European plant launch in late 2026, while putting its Turkey project on hold and exploring a second European assembly site by taking over an existing factory (Spain is mentioned). Logistics & Standards: MAXHUB’s experts in Budapest helped advance two new IEC international standard proposals, moving them toward formal balloting. Oil & Sanctions Watch: Serbia says it has closed a shareholder agreement with MOL over its minority stake in sanctioned NIS, with OFAC timelines still shaping the deal. Pharma Collaboration: Richter and Hetero Labs signed a global semaglutide (Ozempic/Wegovy generic) collaboration, with EU/US filings planned for 2027. EU Business Simplification: EU negotiators reached a provisional deal on an “Omnibus IV” package to ease rules for growing firms and accelerate digitalisation.
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