The Croatian government on Saturday privatised an ailing wharf as part of moves to restructure its shipbuilding sector in line with conditions for its entry into the European Union in July. "We have managed to preserve Croatia's shipbuilding .... upon new (EU) rules," Prime Minister Zoran Milanovic was quoted by national HRT television as saying at the signing of a deal to sell the loss-making Brodotrogir shipyard to local firm Kermas Energija. The company bought a stake of more than 95 percent in the wharf, located in the central coastal town of Trogir, for the symbolic price of 1 kuna (0.13 euros, $0.17). It must now invest some 270 million euros in its restructuring. Restructuring of Croatia's heavily subsidised shipyards is one of the key issues Zagreb has had to resolve ahead of becoming the European Union's 28th member on July 1. More than 10,000 people are employed in the shipyards, which are estimated to have accumulated losses of about 3.7 billion euros over the past 20 years. Last month Croatia privatised its largest shipyard, Brodosplit, and is expected to complete the sale of the sole remaining state-owned shipyard in the northern port of Rijeka soon.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor