MOL: Croatian regulations could impact INA revenue

Deals

The Croatian government’s recent regulations could affect the revenues of INA, the local peer of Hungarian oil and gas company MOL, which is also part owner of INA, the Hungarian company said late yesterday, according to Hungarian news agency MTI.

Croatia decided to lower the regulated price of gas to HRK 1.27 per m3 from April 1, which obliges INA to sell gas to energy service provider HEP for 20% less, MTI reported. 

According to MOL, the government’s decision could have a negative impact on INA’s revenues of around HRK 160 million in the next 12 months, MTI reported.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.