What does MVM mean in UNCLASSIFIED

MVM was founded in 1991 as a result of the merger of several state-owned electricity companies. Since then, it has grown to become one of the largest energy companies in Central and Eastern Europe.

MVM's main activities include:

• Generation of electricity from a variety of sources, including coal, natural gas, nuclear, and renewable energy.
• Transmission and distribution of electricity through a nationwide network.
• Supply of electricity and natural gas to residential, commercial, and industrial customers.
• Development and implementation of energy efficiency and renewable energy projects.

MVM is a key player in the Hungarian energy market, providing around 80% of the country's electricity needs. It also plays a significant role in the natural gas market, supplying around 50% of the country's demand.

MVM is a publicly traded company, listed on the Budapest Stock Exchange. In recent years, the company has reported strong financial results, with revenue exceeding €4 billion and net income exceeding €300 million.

MVM is well-positioned for the future, with a strong financial position and a commitment to innovation and sustainability. The company is investing heavily in renewable energy and energy efficiency projects, and is aiming to reduce its carbon footprint in the years to come.