At its session on Thursday, the Croatian government appointed the head of the State Property Management Office, Mladen Pejnovic, to represent the government at a general shareholders' meeting of the oil company INA, reiterating that it would not give up its plan to appoint Ministers Radmir Cacic and Slavko Linic to the INA Supervisory Board.
Given that Croatia holds about 45% of the stock, the government will not give up the plan to be informed about what is going on in the corporation through its direct presence in the company, Milanovic said. He dismissed claims about conflict of interest.
First Deputy Prime Minister and Economy Minister Radimir Cacic stressed that this government, unlike the previous one which withdrew its share of INA's profit into the state budget, had left about two billion kuna of profit to INA to launch an investment cycle.
Several days after it decided to issue a state guarantee to the Canadian company Transport Desgagnes Inc. for the completion of construction of a passenger and cargo ship in the state-owned Kraljevica shipyard, which has filed for bankruptcy, the government decided to issue a similar guarantee, amounting to EUR 3 million, to the Dutch client Pegasus B.V.
