engleski

The Impact of Liberalisation on the Market Structure and Financial Operations of Corporations in the Gas Sector in the Republic of Croatia

In parallel with the process of joining the European Union, since 2007 there has been in the Republic of Croatia a gradual liberalisation of the market for gas and prices formed by the market have been introduced. With liberalisation of the market, the conditions have been created for improving competition, reducing purchase price of gas and for reducing transport costs (by the building of new gas pipelines and an LNG terminal) as well as the development of a local market, if a major find of gas should be made in the Adriatic. Today in the gas industry in Croatia 99 corporations are operating. These firms were founded as joint stock or limited liability companies, and are privately owned or else owned by central or local government. By 2015 the supply and distribution sectors had been on the whole liberalised. The main objective of this paper is to analyse financial reports of the firms in the gas sector from 2010 to 2015 and so to determine the changes in the size and structure of the market and the degree of liberalisation of the market for gas in Croatia.

market, gas, state, corporation, operations, local government unit

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