Govt takes firm stand behind MOL amid INA tensions
Hungary's government considers questions related to MOL "matters of extraordinary importance" and believes the oil and gas company must preserve its contractual rights, the Government Spokesman's Office said in a statement on Wednesday.
"The government takes the firm stand that MOL must preserve all rights - for example management rights - originating from its contracts," the statement said.
The statement was issued amid reports of tension between the Hungarian and Croatian members of MOL's Croatian unit INA.
MOL holds a little less than 50% of INA, slightly more than the stake held by the Croatian government.
At a conference on Tuesday, Prime Minister Viktor Orbán said MOL continued to be treated in an undignified manner in Croatia and warned of the potential political impact of such a business dispute.
The state of Hungary holds 24.6% of MOL.
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.