CROATIAN GOVT SUPPORTS PROGRAM FOR RESTRUCTURING INA OIL COMPANY

ZAGREB, March 30 (Hina) - The Croatian government today supported a program for restructuring the state-owned oil company INA. "INA is suffering from the same problems as the entire Croatian economy, and therefore it's time for its restructuring" Prime Minister Nikica Valentic said. The INA restructuring program has three stages. The first stage, which is already in progress, includes legal restructuring. The second stage would last for several years and would concentrate on organizational and financial restructuring, while the third stage would focus on the privatization of the company. Privatization Minister Ivan Penic said that INA's capital assets were valued at over two billion German marks. The final assessement would be made before the beginning of the third restructuring stage. (hina) mm vm 301833 MET mar 95