Hungary awards $14-billion nuclear project to Russia | Bangkok Post: news

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Hungary awards $14-billion nuclear project to Russia

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Hungary on Tuesday tasked Russia's atomic energy corporation to more than double production at the EU nation's only nuclear power plant in a contract worth nearly $14 billion. 

Russia's President Vladimir Putin (R) and Hungary's Prime Minister Viktor Orban speak during their meeting at the Novo-Ogaryovo Putin's residence outside Moscow, on January 14, 2014

The agreement signed after talks between Hungary's visiting Prime Minister Viktor Orban and Russian President Vladimir Putin is likely to draw criticism both at home and from EU officials because it came without a formal bidding process.

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