Zsolt Hernadi News
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Mol Nyrt., Hungary’s largest refiner, posted a deeper-than-expected drop in first-quarter profit as oil and gas production fell.
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Hungary failing to reach a bailout agreement with the International Monetary Fund would raise the risk of the government extending special industry taxes, said the head of the country’s largest company.
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Mol Nyrt., Hungary’s largest refiner, is losing about $60 million a month on Syria after the company’s Croatian unit, INA Industrija Nafte d.d., had to pull out of the country to comply with European Union sanctions, according to Mol Chairman Zsolt Hernadi.
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Croatian prosecutors named Zsolt Hernadi, chairman of Hungary’s largest refiner, Mol Nyrt., as a suspect in the bribery trial of former Croatian Prime Minister Ivo Sanader.
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Mol Nyrt ., Hungary’s largest refiner, hopes its Croatian subsidiary Ina Industrija Nafte d.d. will become profitable next year, Mol Chairman Zsolt Hernadi told the Napi Gazdasag newspaper.
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A Croatian district court found former Prime Minister Ivo Sanader guilty of bribery and abuse of power involving Hungarian refiner Mol Nyrt. and Austria’s Hypo Alpe-Adria-Bank International AG.
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Mol Nyrt., Hungary’s largest refiner, fell to the lowest this year after Hungarian daily Nepszabadsag reported that Croatia had requested the extradition of Mol Chairman Zsolt Hernadi. Croatia’s Prosecutor General denied the report.
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Mol Nyrt. Chairman Zsolt Hernadi must be interrogated by either Hungarian or Croatian prosecutors over his alleged role in the corruption trial of former Croatian Premier Ivo Sanader, Croatia’s Prosecutor General said in a statement on its website.
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Following are the top stories on central and eastern Europe.
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Mol Nyrt., Hungary’s largest refiner, fell after reporting a smaller-than-expected fourth- quarter profit as the recession hit fuel sales, Syrian production ceased and gas trading in Croatia suffered a loss.
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