Hungarian Acquisition Bid for E.ON’s Romanian Utilities Sparks Concerns Hungarian state-owned energy company MVM is reportedly in discussions to acquire the Romanian utilities business of German group E.ON, a... 2024.10.03.
Tenth Well Drilled in Eastern Hungary Gas Fields MVM Group is drilling its tenth well in the gas fields of Eastern Hungary, the Ministry of Energy said on... 2024.09.12.
Production Starts at the Country’s Newest Natural Gas Field The MVM Group launched a new natural gas exploration and production investment in the Berettyóújfalu area of Hajdú-Bihar County (eastern... 2024.06.19.
Drilling of the Fifth Natural Gas Well in Southeastern Hungary Begins The drilling of the fifth well at the Nyékpuszta deposit (southeastern Hungary, Békés County) began over the weekend, the Ministry... 2024.04.25.
Milestone Reached in Energy Supply, with Gas to Come from Türkiye A historic day in Hungarian-Turkish energy cooperation is approaching on April 1, as natural gas supplies from Türkiye to Hungary... 2024.03.26.
Large-Scale Battery Storage System to Be Built Next to Power Plant Picture for illustration With the announcement of the results of the public tender, the MVM Group's industrial-scale battery construction plan... 2024.03.07.
Natural Gas Exploration Starts at New Site The MVM Group has started exploring for natural gas in the Berettyóújfalu area (eastern Hungary), a new location that has... 2024.02.28.
A Country with Energy Sovereignty Is Free to Decide the Prices, Says State Secretary The Paks nuclear power plant. A free country is free to decide how it provides the energy its citizens need... 2024.01.12.
Modern Power Plant to Boost Northern Hungary’s Economy The power plant in Visonta A combined-cycle gas turbine power plant could be built in Tiszaújváros, northern Hungary, in a... 2023.08.24.
Hungary Pays Six Times More for Russian Gas Than Country’s Residential Consumers Hungary purchased Russian gas at around six times what resindential consumers paid Hungarian state energy company MVM in February, according... 2022.04.26.
FM Szijjártó: Hungary’s Energy Supplies Secure "I would like to reassure all that Hungary's energy supplies are and will remain secure," Péter Szijjárto, Hungary's Foreign Minister,... 2022.04.09.
MVM to Acquire E.ON Regulated Market Electricity Distributor State-owned energy company MVM on Thursday announced an agreement to acquire 100 percent of E.ON Áramszolgáltató, German-owned E.ON's local electricity... 2022.02.25.
Low Utility Tariffs May Cost HUF 2,000 Billion in 2022 Budget Amid the growing prices in the world market, the government's decision to artificially keep utility costs low may cost some... 2022.01.20.
Amid Global Energy Crisis, First Hungarian Power Company Goes Bust Energy company JAS Budapest Zrt. has suspended services to its customers, thereby becoming the first victim of the global energy... 2021.11.18.
Eight Injured in Explosion at Kisköre Hydropower Plant An explosion occurred at the Kisköre hydropower plant early Monday afternoon, the Hungarian Electrical Works (MVM) reported. Eight people were... 2021.09.21.
