Croatian Economy Minister Tomislav Panenic said on Wednesday that he had proposed that the terms of the current Croatian members of the INA Management Board be extended by one year.

Asked by reporters before today's government session if the government would extend the terms of the Croatian oil company's management board from the time of the Zoran Milanovic government, Panenic said those management board members were not Milanovic's personnel but had been appointed earlier and that their terms would be extended by a year.

Panenic underlined that in the future vacancies would be announced publicly for positions on corporate management boards.

A session of the INA Supervisory Board should be held today and media have reported that the government and the Hungarian oil company MOL - INA's two main shareholders - are agreed that a proposal should be put forward to the INA Supervisory Board for extending the terms of Management Board members Niko Dalic, Ivan Kresic and Davor Meyer by a year.

Asked if the government would give up on a part of its claims so that workers of the bankrupt Kamensko clothing factory could be paid their claims, Panenic said that there were cases which could never be resolved if the state did not give up on its claims.

"As for Kamensko, we should first analyse the relevant decisions of the Commercial Court and then make a decision. Workers always come first," said the minister.

The Anna Aurea company from Krizevci on Tuesday bought two Kamensko properties in Zagreb for HRK 24 million, and a part of the money will be used to settle Kamensko workers' claims, Zdravko Mitak, the bankruptcy commissioner for Kamensko, said yesterday.

Kamensko's real estate in downtown Zagreb was sold for HRK 24 million even though the last appraisal put its value at HRK 73.4 million.

Bankruptcy proceedings in this case were launched in October 2010, after which the company's 430 workers were fired. According to a financial report, in late 2014, Kamensko workers' claims amounted to HRK 9.3 million.

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