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Different views on INA between Zagreb and MOL confirmed, talks continue

Negotiators of the Croatian government and the Hungarian oil and gas company MOL on Friday held a second round of negotiations on their relationship in the Croatian oil and gas company INA, saying afterwards the meeting confirmed their different viewpoints but that they would resume the negotiations.
 

"Regarding the Corporate Governance of INA we firmly believe that it is in line with international best practice and in line with Croatian and European regulations. Nevertheless we are still confident that, working together with the Croatian Government, we will find a beneficial solution for the future of INA," said MOL Group CEO Joszef Molnar.

Croatian Economy Minister Ivan Vrdoljak, who heads the Croatian negotiating team, said "we have plenty of outstanding issues and disagreements. Today we opened and proposed a new model of corporate management which we will officially forward to our colleagues in MOL tomorrow. I think it would be good, which we agreed on, to continue with the negotiations."

Vrdoljak said that despite the obvious outstanding issues and disagreements, he believed that the best solution could be found. "The Croatian government will certainly do all it can to protect INA, to negotiate a position for INA in the interest of the company, its employees and, eventually, Croatia's energy stability."

(Hina)
 

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