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Hungary Warns of Dramatic Hit From Drought, Nuclear Outage

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Hungary Warns of Dramatic Hit From Drought, Nuclear Outage Hungary is facing a “dramatic” economic impact given the drought across its agricultural heartland, combined with what may turn out to be a lengthy nuclear production outage, Prime Minister Peter Magyar said. The weather-related damage in 2026 will probably exceed 500 billion forint ($1.6 billion) including an earlier frost, more than the amount seen in the previous drought-hit year of 2022, he told reporters on Friday.

Hungary Warns of Dramatic Hit From Drought, Nuclear Outage Hungary is facing a “dramatic” economic impact given the drought across its agricultural heartland, combined with what may turn out to be a lengthy nuclear production outage, Prime Minister Peter Magyar said. The weather-related damage in 2026 will probably exceed 500 billion forint ($1.6 billion) including an earlier frost, more than the amount seen in the previous drought-hit year of 2022, he told reporters on Friday.
Hungary (LOCATION) Peter Magyar (PERSON)
Originally published by Bloomberg Markets Read original →