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MVM Group

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MVM: a Loss of HUF 81.1 Bn in the First Half of 2022

Sep 28, 2022

The Hungarian electricity company MVM Plc. closed the first half of this year with a loss of HUF 81.1 billion, compared to a profit after tax of HUF 28.3 billion in the same period last year, according to a consolidated report about the first six months of the year published on the website of the […]

Oroszlány Power Plant to Be Restarted by Veolia

Sep 12, 2022

The Hungarian Veolia Group has acquired the power plant in Oroszlány, west of Budapest, from the electricity MVM Plc., and the plant will be restarted in early 2024, the company told the state news agency MTI. According to the information, the two units of the plant, each with a capacity of 50 megawatts (MW), will […]

MOL Group Tops Hungarian Corporate Revenue List

Nov 11, 2020

The Hungarian business weekly HVG has prepared the list of the country's corporate entities with the highest revenues in 2019. The oil and gas group MOL continues to top the list of 500 companies but the largest anual revenue increase was produced by Audi Hungaria. According to, the combined sales of the 500 companies […]

Czech Acquisition by Hungarian Electricity Company MVM

Oct 31, 2020

Following approval by the European Commission, Hungary's MVM Co. Ltd. has acquired the 100% ownership of innogy Česká republika a.s. A statement by MVM Group points out that MVM Co. Ltd. has acquired the largest natural gas trader in the Czech Republic, which is increasingly present in electricity trading market as well. The Czech company […]

German Firm's Subsidiaries in Hungarian State Ownership

Oct 28, 2020

State-owned Hungarian energy group MVM has acquired the Hungarian and two Chinese subsidiaries of the German energy company Enexio. With the change of ownership, MVM also received a world-famous Hungarian patent, the Heller-Forgó's refrigeration system, which made Enexio an important player in the energy market. According to the sales director of Enexio Hungary Zrt., Balázs […]

Hungary to Receive Gas from Croatian LNG Terminal

Jun 9, 2020

MFGK Croatia d.o.o., the Croatian subsidiary of Hungarian Gas Storage Ltd. (MFGK), part of the MVM Group, has signed a package of agreements to book a capacity of up to one billion cubic meters of gas annually for a period of almost seven years in the Krk LNG terminal in Croatia from January 1, 2021. […]

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