AGP Executive Report
Last update: 3 hours agoNuclear Emergency: Hungary will shut down its only nuclear power plant, Paks, for the first time in 44 years after record-low Danube water levels made cooling impossible; Prime Minister Péter Magyar says one unit will fall to 240 MW at 1:30 a.m., with a full shutdown expected Sunday, potentially lasting weeks and forcing costly electricity imports. Heat & Water Crisis: HungaroMet warns the extreme heatwave will likely continue at least another week, with Budapest breaking heat records and water scarcity spreading beyond power—Szentendre residents faced drinking-water disruptions, and the environment minister warns Hungary could face “desert-like” conditions for up to a million people in coming years. Energy-Saving Measures: As the grid tightens, Hungary is rolling out nationwide conservation steps and preparing electricity restrictions, with large industrial users first in line. EU Politics & Migration: Spain installed a 1,600-foot sea barrier at Ceuta after a deadly migrant rush that left at least 67 dead; 22 EU leaders, including PM Magyar, are demanding urgent EU action and talks over Spain’s response. Tech Push: The EU opened a race to fund next-generation AI “Gigafactories,” aiming to attract €10bn in public support and spur major private investment.
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