Ina-MOL

EC requests Croatia to align INA privatisation law with EU law

The European Commission on Thursday requested Croatia to amend the 2002 law on the privatisation of INA-Industrija Nafte on the grounds that it violates the free movement of capital and the...

Minister says buying controlling interest in INA worth the challenge

State property Minister Goran Maric said in an interview with the Jutarnji List daily on Saturday that the INA oil company was strategic company and purchasing a controlling interest in the...

Despite problems, MOL counting on agreement with Croatian gov't, says CEO

MOL management board chair Zsolt Hernadi has told the German Handelsblatt business magazine that the Hungarian oil company's management is satisfied with the personnel in Croatia's oil company INA...

Croatia's request for Red Notice for Hernadi's arrest outvoted

Croatia's request to Interpol to extend a Red Notice for MOL's CEO Zsolt Hernadi was recently outvoted at an Interpol general assembly even though, according to an unofficial source, the...

MOL supports INA's efforts to ensure flexibility of domestic oil processing

MOL supports INA's management in its efforts to ensure the flexibility of domestic oil processing and is strengthening the security of supply in Croatia, the Hungarian company said in a statement...

Minister disgruntled over transfer of oil to Rijeka refinery

Panenic said consultations would urgently be held with the Croatian members of the INA's supervisory and management boards to determine how the decision on the transfer was made and by whom. "We...

FinMin thinks deal with banks on loan conversion lawsuits possible

Finance Minister Zdravko Maric said on Monday he thought it was still possible, through talks and an agreement with banks, to avoid "unnecessary court, arbitration and other costs" because of...

Dragicevic, Hernadi under investigation over Energopetrol privatisation

The charges were pressed against members of Energopetrol's management and supervisory boards appointed after the consortium assumed ownership, but not against Dragicevic and Hernadi. The...

PM Tihomir Oreskovic: My working on solving INA-MOL dispute didn't suit some

Prime Minister Tihomir Oreskovic said in parliament on Thursday the real reason for the toppling of his government was that, in order to protect national interests, he began work on dealing with...

Commisison finds Karamarko is in conflict of interest

The Commission established that Karamarko has found himself in a situation when his private interests could influence his performance in the government and that he should not be involved in...

Protest against sale of state-owned assets

A protest against the sale of state-owned assets was held in Zagreb's main square on Saturday at which about 200 people demanded the replacement of Prime Minister Tihomir Oreskovic, telling him...

INA-MOL gives up arbitration with Sarajevo about Energopetrol

Suvad Osmanagic, who negotiated with the consortium on behalf of the Federation's government, told the Dnevni Avaz daily in Sarajevo of Wednesday that agreement on seeking an out-of-court...

Econ. Min: INA-MOL arbitration not jeopardised

"That is speculation, the arbitration procedure is credible and I wouldn't comment on matters of that nature. The arbitration process cannot be jeopardised by that. We have credible witnesses....

SMEs minister for replacement of management in public companies

Minister Horvat recommends that talks be held with MOL concerning INA's status in Croatia but also on the regional market.

Minister says terms of Croatian INA Management Board members to be extended

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.