EU drops part of reservation to Hungary's Paks nuclear project

The European Commission has ended proceedings against Hungary over the award of a contract to Russia's Rosatom to expand the Paks nuclear power plant, although it is still investigating the country's funding for the project. Hungary has said that no supplier other than Rosatom would have met the government's demand of keeping the plant in Hungarian state ownership permanently. Hungary plans to build two Russian VVER 1200 reactors for a total budget of 12.5 billion euros ($13.2 billion), of which