Magyar said this agreement was reached in talks with Zsolt Hernadi, chief executive of the oil and gas MOL Group, in the presence of Tisza officials Istvan Kapitany and Andras Karman, alongside MOL's senior management.

"MOL has confirmed that Hungary's uninterrupted fuel supply will be guaranteed, even amid turbulent global market conditions," he said.

Magyar also wrote that he is calling on the caretaker prime minister, Viktor Orban, to extend the outgoing government's decree reducing the income tax on fuels -- which is set to expire on April 30 - until May 30.

Magyar added that he had also discussed with Hernadi the 25 billion forint (EUR 68.7m) dividend MOL had planned to pay to the Mathias Corvinus Collegium (MCC).

"I told the CEO about the Tisza government's plans in this regard. MOL will proceed in accordance with the relevant regulations," he added.

Magyar to meet with MOL chief

Peter Magyar will meet with Hungarian oil and gas company MOL chairman-CEO Zsolt Hernadi on Thursday, the head of the Tisza Party, the winner of Sunday's elections, said in a post on Facebook.

Magyar said he would ask Hernadi to brief him on the security of motor fuel supply in Hungary.

"I also expect MOL to refrain from paying a HUF 25 billion dividend to MCC," he added, referring to the Mathias Corvinus Collegium.

MCC, an interdisciplinary educational institution and research center, owns 10pc of MOL shares. Balazs Orban, the political director of Prime Minister Viktor Orban, heads MCC's board of trustees.

MCC also holds a 10pc stake in listed pharmaceutical company Gedeon Richter. Both the MOL and the Richter stakes were transferred to MCC by the state in 2020.

Meanwhile, EC delegation to visit Budapest on Friday for talks with incoming gov't

A European Commission delegation will travel to Budapest on Friday to begin discussions with Hungary's incoming government, EC spokesperson Paula Pinho said on Thursday.

The visit aims to accelerate negotiations on key EU issues, in line with EC President Ursula von der Leyen's announcement this week. "The clock is ticking for a number of topics," she said, noting that rapid progress was in both Hungary's and the EU's interest.

"Whether we're talking about the Ukrainian loan, whether we're talking about Next Generation EU funds, obviously it is in the interest of Hungary, it is in the interest of the EU that we make progress as soon as possible," Pinho said.

"And therefore these are preliminary talks that are taking place in order to make sure that once the government is in place, action can be taken if appropriate, and that we do not waste any time. So that's … the framing of this meeting and the reason for it."

MTI Stock Photo

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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