Hungarian company buys German local electricity distributor E.ON

State-owned energy company MVM on Thursday announced an agreement to acquire 100% of E.ON Aramszolgaltato, E.ON’s local electricity distributor for the regulated retail market. The transaction is expected to be finalized in the spring of 2022.

The agreement will affect nearly 2.5 million customers in western and eastern Hungary. Once the agreement is concluded, MVM will offer national coverage to customers in the regulated gas and electricity retail markets.

Meanwhile, the government and the Hungarian Chamber of Commerce and Industry (MKIK) have extended their cooperation agreement, the chamber announced on Thursday. The chamber said the agreement was aimed at maintaining the growth of the Hungarian economy and the prosperity of Hungarian society.

The document states that the objective is to ensure that economic output remains 2 to 3 percentage points above the European Union average and that the country’s financial indicators remain balanced, while maintaining the rate of investment. above 25%.

They also agreed on the importance of a work-based society and maintaining a level close to full employment, as well as steady improvements in economic competitiveness and productivity while expanding the work-based society. awareness.

The agreement also refers to the guarantee of a

sustainable and business-friendly taxation and to further reduce the tax wedge.

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The government and the chamber have undertaken to review the strategy for small and medium enterprises in response to the challenges of a changed environment induced by the pandemic.

They also recognize the importance of knowledge transfer between academia, the research sector and businesses. An Entrepreneurial Innovation Council will be set up for this purpose. R&D and I should also be strengthened and leveraged by as many Hungarian companies as possible, the agreement says. In addition, the bulk of EU funds should be used directly for business development, he adds.