Hungary Hopes For ‘Fragile Compromise’ on EU Energy Tax Overhaul

Most EU countries are ready for a compromise on the bloc’s controversial energy taxation bill, according to Hungary, which holds the EU’s rotating presidency.

Hungary believes it would be impossible to cater a compromise which is to the liking of all delegations “but it invites delegations to show flexibility,” it said in a steering note dated Nov. 21 that was shared with other countries and seen by Bloomberg.

Hungary, which is responsible for shepherding EU legislation through the approval process as the presidency, said that most controversial topics in the bill, known as the Energy Taxation Directive, have ...