Romania, Hungary hit by highest power prices in Europe amid heat, outages
Romania and Hungary have the most expensive electricity in Europe today. The demand for cooling has cut into the record solar power output, while available nuclear and gas capacities dropped.
Hungary’s MVM inks deal with Çalık Holding, Ansaldo Energia for combined cycle gas turbine power plant
It is the second time this year that MVM contracted gas-fueled and hydrogen-ready power plants at sites of former fossil fuel facilities
Romanian Minister of Energy Sebastian Burduja reappointed
Minister of Energy Sebastian Burduja remained in his seat following the recent general elections in Romania. He promised continuity and an acceleration in investment.
Serbhungas to trade gas in Serbia and region, with 51% stake in Hungary’s hands
Hungary's MVM has a 51% stake in Serbhungas, while the remaining 49% is in the hands of Serbia's state gas company
Srbijagas, Hungary’s MVM sign deal to set up gas trading firm SERBHUNGAS
Minister of Finance Siniša Mali was quoted as saying that the agreement would concern gas trading in Serbia
Serbia denies it would spin off hydropower plants to joint firm with Hungary’s MVM
Serbia denied that it plans to separate 350 MW in hydropower from state-owned coal and electricity producer EPS to a joint firm with MVM
Hungary’s power utility MVM buys stakes in two Serbian firms
MVM agreed with Maneks Group from Serbia to purchase 33.4% of its subsidiaries Energotehnika – Južna Bačka and Elektromontaža Kraljevo