Tag: croatia

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LNG terminal in Croatia seen serving Hungarian interests

May 28, 2018, 3:51 pm
Opposition is mounting against a floating LNG (liquefied natural gas) terminal on the island of Krt (northern Croatia) that should have gone operational in 2018, but now looks to be ready only by 2020.... 

Buyback of INA shares from Hungary's Mol reaches key stage

April 11, 2018, 9:24 am
Croatia has picked a consortium led by Morgan Stanley to advise it in the process of buying back 49% shares of the energy company INA , from Hungary’s Mol, Finance Minister Zdravko Maric said on... 

United States frowns upon Russia eyeing Croatia's INA

February 13, 2018, 11:30 am
Selling Croatian oil and gas company INA to a Russian company would be a mistake, the United States ambassador to Croatia Robert Kohorst said on Monday, Croatian media reported. The U.S. considers Russia... 

Hungary joins key Croatian LNG project

January 31, 2018, 12:48 pm
Hungary is taking part in the binding Open Season procedure launched by Croatia LNG for reserving capacity at its planned Floating Storage and Regasification Unit (FSRU) off the coast of the Island of... 

Croatia moves to buy back INA from Hungary’s Mol

January 17, 2018, 12:27 pm
Croatia has received seven offers from potential advisers to help the government find the best way to buy back shares of energy firm INA, whose ownership is shared with Hungary’s Mol, Finance Minister... 

Mol-INA case: a solution may be closer, as Zagreb sets out to hire advisers

December 14, 2017, 10:41 am
Croatia is laying the groundwork for its plan to buy back shares in Croatian energy company INA from Hungarian fuels group Mol, inviting bids from potential advisers, Croatia’s Prime Minister announced... 

It's only fair if Croatia gets INA back, Hungarian Premier Orbán says

November 28, 2017, 2:00 pm
Hungary is ready to make a fair deal so as to close as soon as possible the dispute poisoning the historically good relationship between Hungary and Croatia over the role of Mol in Croatian energy company... 

Hungary Mol open to selling INA stake, Russia's Rosneft shows interest

October 30, 2017, 3:56 pm
Hungarian fuels group Mol is open to selling its stake in Croatian oil company INA, but until then it will continue to operate INA to the best of its knowledge, said Pál Kara, General Counsel of Mol Group... 

Croatia wants to adopt euro within 7-8 years - Prime Minister

October 30, 2017, 3:08 pm
Euro adoption will increase Croatia’s global political and economic credibility, and it will also be a means to developing its economy, said Prime Minister Andrej Plenkovic in Zagreb on Monday, at... 

Croatia loses case vs. Hungary's Mol in battle for INA

October 27, 2017, 3:58 pm
Switzerland’s Federal Supreme Court has rejected an appeal by the Croatian government to repeal a ruling by a tribunal of the United Nations Commission on International Trade Law (UNCITRAL) in... 

Hungary outperforms peers in Central and Eastern Europe

September 7, 2017, 3:21 pm
Occupier and investment sentiment remains positive across all Central and Eastern European countries tracked by the RICS Commercial Property Monitor. Results for Q2 2017 show that Hungary and the Czech... 

Hungary Mol chief files lawsuit against Croatia at ECHR

September 5, 2017, 3:35 pm
Zsolt Hernádi, Chairman-CEO of Hungarian oil and gas group Mol, has filed a lawsuit against Croatia at the European Court of Human Rights, claiming the arrest warrant against him was illegal, Croatian... 

How heavy is Hungary's reliance on Russian natural gas?

August 28, 2017, 11:46 am
Hungary’s reliance on Russian natural gas is intermediately severe in European terms. The chart below, compiled from data by BP and Gazprom and posted on Twitter by Henry Foy, a Moscow-based correspondent... 

Croatia to hire advisor on possible buyback of INA stake from Hungary's Mol

August 24, 2017, 2:59 pm
The Croatian government has decided on Thursday to hire an adviser in the possible purchase of a 49% stake in oil and gas company INA currently held by Hungary's Mol, SeeNews reported. The advisor... 

EU refers Croatia to court for failing to amend law on INA sell-off

July 13, 2017, 3:49 pm
The European Commission has referred Croatia to the Court of Justice for failing to amend the law on the privatisation of the energy company INA-Industrija Nafte, d.d. (INA). The EU executive has decided... 

Strong cabinet gives Hungary a competitive edge - Deputy PM

June 9, 2017, 11:14 am
If the Croatian party makes an offer and a business agreement can be reached, the Hungarian party is ready to sell its share in Croatian energy company INA, Hungary’s Deputy Prime Minister Zsolt... 

Hungary OTP may buy another bank as soon as June

May 22, 2017, 2:15 pm
László Wolf, Deputz Chief Executive Officer of Hungary’s OTP Bank talked about the bankás acquisition plans in an interview with Reuters on Monday. Acquisition in Romania is drawing nearer OTP... 

Hungary's OTP has 4-5 acquistions in preparatory stage

May 5, 2017, 12:33 pm
Hungary’s OTP Bank has been looking for acquisition opportunities in the region for years, with little success. The Romanian and Croatian banks bought since the crisis did not contribute greatly... 

Hungary OTP buys 5th largest bank in Croatia

May 3, 2017, 10:37 pm
Hungary’s OTP Bank announced late on Wednesday that on 2 May 2017, it acquired Splitska banka, Croatia’s fifth-largest bank. OTP Bank’s Croatian subsidiary, OTP banka Hrvatska, acquired... 

Takeover of Splitska Banka by Hungary's OTP approved

April 13, 2017, 9:24 am
The Croatian National Bank (CNB) has green-lighted the purchase of Splitska Banka from Société Générale by Hungary’s OTP Bank. The transaction was announced on 21 December 2016. Societe Generale... 
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