Tag: ina

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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 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 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... 

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... 

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.... 

Croatia to foot legal bill in case lost against Hungary's Mol

January 4, 2017, 4:50 pm
The Croatian state will need to pay USD 30 million (nearly HUF 9 billion) of legal costs in relation to a lawsuit against Hungarian fuels group Mol, after Mol won the international arbitration procedure.... 

Croatia would finance buyback of INA from Hungary's Mol from partial sale of HEP

January 3, 2017, 4:55 pm
The Croatian government plans to buy back energy company INA from Hungarian oil and gas group Mol; The financing details are still unclear, but Croatia’s Economy Minister has just come up with the... 

Croatia seems to have found funding source for INA buyback

December 27, 2016, 10:07 am
Croatia's Deputy Prime Minister Radimir Cacic has also spoken about the proposed buyback of Hungarian energy group MOL's 49% stake in Croatian oil and gas company INA. Croatia announced plans to do so... 

Hungary MOL open to talks with Croatia about INA's future

December 25, 2016, 3:39 pm
Hungarian energy company MOL has not yet been formally contacted by the Croatian government regarding the latter's plans to buy back local oil company INA, however as before, MOL remains open to talks... 

Breaking news: Croatia seeking to buy back oil co. INA from Hungary's MOL

December 25, 2016, 1:11 am
Croatia's government has announced plans to buy back the 49% stake held by Hungarian energy group MOL in formerly state-owned Croatian oil company INA, Prime Minister Andrej Plenkovic said in a press conference... 

Hungary Mol long-term strategy viable even without INA - Hernádi

October 17, 2016, 1:39 pm
INA is the past and present for Hungary’s Mol, not the future - CEO Zsolt Hernádi, Chairman-CEO of Mol, has talked with local news portal origo.hu on Monday on the occasion that the Hungarian... 

Hungary Mol chief under investigation by Bosnia over Energopetrol deal

September 7, 2016, 8:20 am
The Sarajevo Canton Prosecutor's Office has requested assistance from Hungarian authorities in an investigation in which one of the suspects is Zsolt Hernádi, Chief Executive of Hungary's Mol oil and gas... 
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