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Press Releases

03/11/10

Government issues guarantees for four state-owned shipyards



ZAGREB, March 11 (Hina) - The Croatian government on Thursday gave state guarantees for loans to the 3. Maj shipyard for several construction projects and to the Brodosplit-Brodogradiliste and Brodotrogir shipyards for financing production and maintaining operations.

At the closed-door part of today's session, the government adopted a decision on giving state guarantees to the Credit Suisse International/Credit Suisse, London Branch, for loans to the Rijeka-based 3. Maj and the Split-based Brodosplit-Brodogradiliste, and on giving state guarantees to J.P. Morgan, London, for a loan to the Trogir-based Brodotrogir.

The government also amended a decision on the issuing of state guarantees to the Croatian Bank for Reconstruction and Development or other business banks in Croatia and/or abroad for a loan to the Split-based Brodosplit-Brodogradiliste Specijalnih Objekata shipyard intended for financing production and maintaining operations.

Tamara Obradovic Mazal has been relieved of duty as a state secretary at the Croatian Economy Ministry at her request, the Croatian government said after the closed part of Thursday's session.

Also today, the government appointed Marko Kovacic head of the Public Administration Bureau, and gave its consent for the opening of Croatian Chamber of Commerce branches in Moscow and Kabul.