ADVERTISEMENT

Hungarian, Croatian presidents discuss MOL, INA

History

Hungarian oil and gas company MOL and its Croatian unit INA were among the subjects discussed at talks between Hungarian President Pál Schmitt and his Croatian counterpart Ivo Josipovic at talks in Budapest on Thursday.

The two men discussed suspicion of corruption surrounding INA's privatization and the Croatian government's steps to limit foreign ownership in the company.

The Hungarian authorities are also ready to investigate the alleged corruption related to INA's privatization, as their Croatian counterparts are already doing, said Schmitt, answering a question by MTI. "This does not influence the friendly cooperation between the two countries," he added.

Both countries are cracking down on corruption "on the basis of the principal of zero tolerance", Schmitt said.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.