A magyar kormányok kőolajjal kapcsolatos politikája az 1990-es évtizedben és a harmadik évezred elején
The Oil-Related Policy of The Hungarian Governments in the Decade o the 1990s and at the Beginning of The Third Millennium

Summary/Abstract: The objective of the paper is to analyse the oil policy of the subsequent Hungarian governments following the transition to the market economy. The first part focuses on the demand of energy in general and crude oil in particular by discussing the major issues of structural changes having taken place in Hungary after 1990 and their impact on oil consumption. The second part is a critical overview on the energy policies including oil. The subject of the third part is the regulation of the energy market and privatisation. The fourth part covers the external economic policy towards Russia centred around oil. The last part includes the conclusions. One of the main conclusion of the study is that there was a high degree of continuity in the energy and oil policy of the subsequent Hungarian governments particularly as regards the main principles and objectives. The energy policy cannot be classified either conservative or liberal, its eclectic nature reflects the specific features of the Hungarian economy. Differences were more pronounced in issues related to privatisation, price regulation in non-liberalised segments as well as external economic policy. The other conclusion is that with deepening globalisation and Hungary’s membership in the EU, market conform measures are gaining in importance in strengthening the security of the supply of energy in general and crude oil in particular. This requirement will certainly constrain the room of manoeuvring of energy policy.

• Details
• Contents