Hungary’s Minister of Interior, István Kapitány, revealed further details regarding a substantial €500 billion European Union-funded energy development plan. The initiative will focus on modernizing the nation’s energy infrastructure through large-scale network upgrades. A key component of the project involves the widespread installation of smart meters across the country. These developments aim to enhance energy efficiency and improve grid reliability. Minister Kapitány indicated the project represents a significant investment in Hungary’s energy future. Further specifics regarding timelines and implementation strategies are expected to be announced in the coming weeks. The funding is intended to support long-term energy security and sustainability goals.