Official: State-owned MVM could enter Montenegrin energy market

Int’l Relations

Hungarian state-owned energy group MVM is considering entering the Montenegrin gas and electricity market as part of the privatisation process there, state secretary for economic diplomacy Levente Magyar said after a meeting of the Hungarian-Montenegrin Intergovernment, Joint Economic Committee that took place in Budapest yesterday. 

Talks about MVMʼs eventual move are going on on an expert level at present, he added. Hungary seeks to strengthen its economic partnership with Montenegro, in terms of joint investments and trade, Magyar said.

Among EU member states, Hungary is the second-biggest investor in Montenegro, he added. He noted that the Hungarian National Trading House had opened an office in Podgorica and that Hungaryʼs Eximbank had made a €45 mln credit line available for cooperation between Hungarian and Montenegrin SMEs.

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