BUDAPEST Feb 3 Hungary will create a law to
transform energy services into a non-profit sector, Prime
Minister Viktor Orban said on Monday, part of a government drive
to drastically reduce energy costs to make the economy more
"We need to create the working conditions for non-profit
energy providers in our country," Orban told the opening spring
session of parliament.
"This requires parliament to create a law on non-profit
energy providers on the basis of which the government will have
to establish the first Hungarian non-profit energy company."
Orban said the European Commission was planning to launch a
legal procedure against Hungary over regulated energy prices,
which his government cut by 20 percent for households last year
and plans to reduce further in the 2014 election year.
But Orban said this was a mainstay of national strategy
needed to enable the country to become more competitive and
attract more investment and the government will "defend" the
energy price cuts.
(Reporting by Krisztina Than and Gergely Szakacs)