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MVM Group

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Romania: MVM Group acquires majority stake in E.ON’s energy retail and customer solutions business

MVM Group and E.ON have finalized an agreement for the sale and purchase of E.ON's energy retail and customer solutions operations in Romania. As...

Hungary: MVM Group reports €5.47 billion in sales revenues for H1 2024

Hungarian state-owned MVM Group announced sales revenues of €5.47 billion for the first half of 2024, marking a 22% decline compared to the same...

Hungary: MVM Group advances domestic gas production with new drilling activities

The Hungarian Ministry of Energy has reported that state-owned MVM Group is drilling its tenth well in the gas fields of eastern Hungary. The...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...