The two companies cooperate in a joint venture that operates gas-fired power generation plants and related infrastructure, initially in Hungary and Slovakia.

2 This section is largely based on Kalotay, 2007.

³ www.budapesttimes.hu/content/view/13478/221. 1 .

^ Unfortunately national data collection on the geographical origins of inward FDI is undertaken with a major time lag in most countries of the world, including Hungary. For that reason, we can not present more recent confirmed data (e.g. for the period 2008-2009).

BENES, K., 2009: Bear Paw in the Honey Pot: Russian Oil and Gas Investment in Central Europe. Policy Brief, Institute for Security and Development Policy, Stockholm, No. 2, 23 April, www.isdp.eu/ files/publications/pb/09/kb09bearpaw.pdf.

BRAGHIROLI, S., CARTA, C., 2009: An index of friendliness toward Russia: An analysis of the member states and Member of the European Parliament's positions. Electronic Publications of Pan-European Institute No. 15/2009.

BRÜCKNER, G., GALAMBOS, M., 2009: Gázálom [Gas dream]. Figyelö, No. 22/2009 (28 May), www.fn.hu/hetilap/ceg_piac/20090526/gazalom.

DIE WELT, 2007: Man sollte die aktive Rolle Putins nicht überschätzen. Die Welt, 12 November, www.welt.de/welt_print/article1354242/Man_sollte_die_aktive_Rolle_Putins_nicht_uebersch aetzen.html.

KALOTAY, K., 2007: A Baltic perspective on OMV's bid for MOL. Expert article No. 155, Baltic Rim Economies ― Bimonthly Economic Review, Turku, No. 6 (21 December): 22-24, www.tse.fi/FI/yksikot/erillislaitokset/pei/Documents/bre/expert_article155_62007.pdf.

PETROLEUM ECONOMIST, 2009: Surgutneftegaz marches into Hungary. Energy Report, 19 May, www.petroleum-economist.com/default.asp?Page=14&PUB=279&SID=720199&ISS=25399.

REBROV, D., MIKLASHEVSKAYA, A., MORDYUSHENKO, O., 2009: Vengriya ispytala dolevoy shok: Strana poteryala 21.2% energeticheskoy nezavisimosti [Hungary experienced a share shock: the country lost 21.2% of energy independence]. Kommersant, No. 58 (4113) (2 April): 1.

REUTERS, 2009: Hungary's new PM opposed to Russian takeover of MOL. Reuters, 19 April, www.reuters.com/article/idUSLJ45152820090419.

SAFARIAN, A.E., 1999: Host country policies towards inward foreign direct investment in the 1950s and 1990s. Transnational Corporations, 8(2): 93-112.

SAUVANT, K.P., 2009: FDI Protectionism is on the Rise. In: Evenett, S.J., Hoekman, B.M., Cattaneo, O. (eds.), The fateful allure of protectionism: Taking stock for the G8. Washington, D.C.: World Bank & London: Centre for Economic Policy Research, pp. 53-56.

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THE ECONOMIST, 2009: Less welcome: Foreign investors in Hungary. The Economist, 7 November (Vol. 393, No. 8656), p. 60.

UNCTAD, 2006: World Investment Report 2006. FDI from Developing and Transition Economies: Implications for Development. New York & Geneva: United Nations.

Idem, 2008: World Investment Report 2008: Transnational Corporations and the Infrastructure Challenge. New York & Geneva: United Nations.

Idem, 2009: World Investment Report 2009: Transnational Corporations, Agricultural Production and Development. New York & Geneva: United Nations.

UNCTC, 1991: World Investment Report 1991: The Triad in Foreign Direct Investment. New York: United Nations.

VERNON, R., 1971: Sovereignty at Bay: The Multinational Spread of U.S. Enterprises. New York: Basic Books.