Saturday, 28 April 2018

INA’s Profits Plummet in First Quarter

ZAGREB, April 28, 2018 - Revenues of the INA Group in the first quarter of 2018 amounted to 3.7 billion kuna, down 3% on the year, while net profit was a mere one million kuna, which is a significant drop compared to 199 million kuna generated in Q1 2017, according to a financial statement released on Friday.

Saturday, 21 April 2018

Economy Minister Ambiguous about Closure of Sisak Refinery

ZAGREB, April 21, 2018 - Economy Minister Martina Dalić on Friday commented on a statement by the new CEO of the INA oil company Sandor Fasimon about the possible termination of production at the Sisak refinery and said that "the decision, if it exists, has to be additionally analysed to see if it corresponds to INA's business policy."

Friday, 20 April 2018

Minister Displeased with INA’s Plans to Shut Down Sisak Refinery

ZAGREB, April 20, 2018 - The statement by the new CEO of the INA oil company, Sandor Fasimon, about the possible closure of hundreds of jobs at the Sisak oil refinery has unnecessarily "contaminated" the entire process surrounding INA, Environmental Protection and Energy Minister Tomislav Ćorić said on Friday, adding that one of the strategic goals of the Croatian government is to maintain the high level of employment in Sisak-Moslavina County.

Friday, 20 April 2018

INA's Future CEO Announces Closure of Sisak Refinery

ZAGREB, April 20, 2018 - The new chairman of the board of the INA oil company Sandor Fasimon, speaking in Budapest on Thursday, announced the closure of plants at the Sisak oil refinery, promising that the workers will be taken care of and emphasising that INA must continue its successful performance.

Friday, 13 April 2018

“INA Management Change Will Not Impact Talks with MOL”

ZAGREB, April 13, 2018 - The departure of Zoltan Aldott from the post of INA Management Board chair should not impact talks between the Croatian government and INA's other owner, the Hungarian oil company MOL, on the possible purchase of MOL's stake in INA by the government, Economy Minister Martina Dalić and Finance Minister Zdravko Marić said on Friday.

Thursday, 12 April 2018

US Ambassador against Russia's Entry into INA

INA will soon get a new CEO, but possibly also new owners.

Wednesday, 28 February 2018

Future of Sisak Oil Refinery Discussed

ZAGREB, February 28, 2018 - Environmental Protection and Energy Minister Tomislav Ćorić met with a delegation of union representatives from the INA oil company on Wednesday to discuss the company's future, notably the future of the Sisak oil refinery.

Saturday, 24 February 2018

Sisak Oil Refinery Workers Protest in Zagreb

ZAGREB, February 24, 2018 - The Sisak oil refinery's workers staged a protest rally outside the government headquarters on Friday, demanding a moratorium on all business decisions by the INA management until the completion of the negotiations on the buy-out of MOL's shares in INA.

Tuesday, 20 February 2018

INA Posts Substantial Increases in Revenues and Profits

ZAGREB, February 20, 2018 - In 2017, the INA Group made 18.5 billion kuna in revenue, 20% more than in the previous year, and its net profit grew strongly as well, owing to an increase in oil prices on the global market and business optimisation, the company said in a business report.

Tuesday, 13 February 2018

Croatia Rejects Foreign Interference in Energy Policy

ZAGREB, February 13, 2018 - Prime Minister Andrej Plenković on Tuesday said that other countries are expressing their preference on whether they want to and in what way be actors on the Croatian energy market, however, it is Croatia that will decided on that.

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