MVM is a successful, vertically integrated, nationally-owned energy group with a portfolio that covers the total domestic energy system. Besides its significant market position in Hungary MVM intends to increase its presence in the regional markets.
The MVM Group has been operating as a Recognised Corporate Group since June 1, 2007. In this legal framework, MVM Ltd., the parent company coordinates the business activities of almost all of its subsidiaries in the Group in a unified, effective management system. The Hungarian transmission system operator company MAVIR Ltd., although a member of the Group in terms of ownership, is placed outside the Recognised Corporate Group due to its special status and the EU directives.
The group has a presence in the telecommunication sector and MVM is taking a key role in the natural gas market, and is now present in all key areas of the business, from infrastructure through trading to providing universal service.
The operation of the MVM Group as a strategic holding ensures that group-level optimum is given priority in the activities of the individual member companies despite the full legal independence of the licence-holding companies. The holding system allows the use of the synergy potentials existing within the Group, the improved efficiency of resource utilisation, and, as a result of all these, the improvement of profitability, as well as the increase of the market and ownership values of the Group. At the same time, as a nationally owned Group, MVM has an important role to support the energy policy objectives of the Hungarian government.