MVM Partner expands business to gas market
MVM Partner, the unit of state-owned Hungarian Electricity Works (MVM) Group, is expanding its current business of supplying electricity to clients to extend to gas as well, the company said yesterday, according to Hungarian news agency MTI.
From Monday the company will start signing gas supply contracts with prospective clients for a twelve-month period beginning on October 1, 2016.
“We are seeing from current market trends that an energy trading firm can only stand firmly on its feet if it is present not only on the electricity market but also the gas market,” MVM Partner CEO Attila Bally said.
MVM Partner will mainly target medium-sized and large companies.
ADVERTISEMENT
Companies Make Net Repayments on Credit in April
Parl't Approves Amendments to Legislation on Judiciary
Wizz Air Participates in USD 50 mln Investment
Tourism Nights Slightly up in April 2023
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
