The state-owned Hungarian Electricity Works (MVM) plans further rapid expansion after quick growth in recent years, more than doubling its revenue this year from 2010, the Chief Executive Officer of the company Csaba Baji told a press conference.
"MVM has undergone tremendous growth in the past three years and faces more growth," Baji said. "In 2010, the group's revenue was HUF 550 billion (EUR 1.83 bn). This year it will top HUF 1.3 trillion (EUR 4.33 bn), making it the largest state-owned Hungarian company," Reuters cited Baji as saying today.
That makes MVM the 20th-largest company in central eastern Europe, the CEO added.
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