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RAIL CO. MÁV, ENERGY CO. MVM SIGN COOPERATION PACT

 

Hungarian railway company MÁV and energy company MVM signed a cooperation agreement with a view to strengthening relations and boosting cooperation in R&D&I, training and providing electricity. The agreement was signed by MÁV CEO Róbert Homolya and MVM CEO György Kóbor.
Andrea Bártfai-Mager, the minister without portfolio responsible for national asset management, present at the signing ceremony, said the main aim was to increase the state’s wealth and that all state-owned companies should handle their portfolios according to unified standards.
The two companies are key factors in Hungary’s strategic assets and public services, Bártfai-Mager noted. MÁV is the largest employer in the country and its infrastructure and services are integral to everyday life, while MVM covers all sectors of energy services, she said. Bártfai-Mager said it was important that state-owned institutions find opportunities to cooperate and share their experience. National asset management has changed greatly since 2010, she said, adding that the past nine years have seen efforts to increase public assets and use them responsibly and economically.