HEP

PM says hasn't heard of any better model for INA buyout than HEP IPO

Prime Minister Andrej Plenkovic repeated in the parliament on Tuesday that the government planned to buy back Hungarian oil and gas company MOL's stake in INA, adding that so far he had not heard...

War veterans' leaders say veterans should be given 7% of HEP shares

Commenting on the possible sale of 25% of HEP power company shares, the leader of the Association of Special Police from the 1991-95 Homeland War, Josip Klemm, said on Wednesday that war veterans...

INA is a smoke screen to privatise HEP, says SDP leader

Social Democratic Party leader (SDP) Davor Bernardic said on Wednesday that the planned takeover of MOL's shares in Croatia's INA oil company was a smoke screen to privatise the country's...

Dalic: Sale of HEP shares is decision of entire Cabinet

The Deputy Prime Minister and Minister of the Economy, Martina Dalic, said on Monday that decisions of the government were made by the coalition partners together, dismissing speculation that the...

SDP finds planned HEP privatisation for INA unacceptable

Social Democratic Party (SDP) parliamentarian Pedja Grbin said on Saturday that a model outlined by Prime Minister Andrej Plenkovic for an initial public offering (IPO) of HEP power company shares...

S&P upgrades HEP power utility's rating

Standard & Poor's (S&P) on Friday upgraded the credit rating of Croatia's power utility HEP to BB from BB -, largely due to improved liquidity.

HEP to supply electricity to Slovenian Railways

Croatia's national power provider Hrvatska Elektroprivreda (HEP) on Friday signed an HRK 26.5 million agreement with Slovenian Railways for the supply of electricity over the next three years, HEP...

HEP earns HRK 1.2 bln in net profits, invests HRK 175 mln in H1

The HEP power supplier earned net profits in the amount of HRK 1.2 billion in the first half of 2016, which is HRK 276 million more than in the same period last year, and its investments grew by...

Minister says making profit must not be main goal of state-owned companies

Enterprise and Crafts Minister Darko Horvat said on Thursday that making profit should not be the prime objective of the HEP power company and other public companies, adding that state-owned...

1,500 to leave HEP power company by end of 2017

Approximately 1,300 people will leave the Croatian power company HEP next year through scheduled and early retirement and another 200 will be sent to a new public supply company, HEP reported on...

HEP makes EUR 212.8m in profit in 2015

The HEP power utility made HRK 1.6 billion in profit in 2015 and the general assembly decided on Monday to set aside HRK 525.7 million as retained profits from regular business and HRK 634.3...

Panenic: EC sees HEP-Marubeni cooperation in Plomin C as unacceptable support

Speaking to reporters in Split, Panenic said the note would be considered. He said it was very important that both companies responded to the Commission's opinion so that "a final solution...

Gov't to decide on lower gas price, noise maps

The Croatian government, which will convene on Wednesday, is expected to make decisions that will lead to a cut in natural gas prices for households between 15-20%.

HEP to invest HRK 3.5 bn for reconstruction of power plants

The president of the Management Board of the national electricity provider HEP, Perica Jukic, on Friday said that the company would invest HRK 3.5 billion by 2020 in the reconstruction and...

Activists: Analysis shows Plomin C not feasible

Green Action and DOOR on Monday presented the results of the analysis and said that they would send the study to the government, relevant ministries, parliamentary committees and benches and to...