EU regulators to probe Hungarian funding for nuclear reactors


  • World
  • Monday, 23 Nov 2015

BRUSSELS/BUDAPEST (Reuters) - European Union regulators will investigate whether Hungary's plan to finance the construction of two new nuclear reactors breaches the bloc's state aid rules, four days after it took the country to court over the tender for the project.

Hungary wants to expand the plant near the town of Paks and last year picked Russian state-owned nuclear company Rosatom to build the reactors, partly funded by a favourably priced 10-billion-euro (7 billion pound) Russian loan.

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