Tag: croatia

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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... 

Croatian arm of Hungary's Mol posts profit for the first time since 2012

February 27, 2017, 2:14 pm
Croatian energy company INA posted 101 million kuna (HUF 4.2 billion) net profit in 2016, following HRK 1.4 bn loss in 2015. The last time the company made a profit was in 2012. INA’s EBITDA (earnings... 

INA buyback talks sink into chaos in Croatia

January 19, 2017, 2:01 pm
The Croatian government has stepped up plans to take full control of oil group INA by setting up a special body on Thursday to prepare a model for the buyout of Hungarian energy company Mol’s 49%... 

Croatia needs to strike a deal with Mol over INA

January 19, 2017, 8:47 am
The Croatian government needs to reach an agreement with Mol over INA, said Hungary’s Minister of Foreign Affairs and Trade when asked about Zagreb’s intention to buy back Mol’s share... 

Court rules Hungary's Mol did not neglect Croatian subsidiary INA

January 13, 2017, 11:46 am
Hungarian oil and gas group Mol has published new details about the ruling of an arbitral tribunal concerning INA. These show that the rules of procedure of Mol’s Croatian subsidiary is in accordance... 

Dispute in Croatia on how to buy back INA from Hungary's Mol

January 12, 2017, 10:52 am
A debate has surfaced between two parties of Croatia’s governing coalition about what funds to use to buy back a stake in energy firm INA from Hungary’s Mol, Croatian daily Vecernji list reported.... 
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