Croatia parliament to vote on EUR 200mn loan from EIB.

By bne IntelliNews November 8, 2010
The Croatian parliament will vote on the ratification of a EUR 200mn financing agreement with the European Investment Bank, news agency HINA informed. The funding will be used to cover the participation on behalf of the state in approved projects, co-financed by the EU pre-accession funds ISPA and IPA. The aggregate value of the project is estimated at EUR, of which EUR 593.2mn will be provided by the EU funds, EUR 200mn by the EIB, and the remainder (EUR 23.3mn) - by other sources. The EIB loan will have a repayment term of 25 years and a grace period of 5 years. The financial resources have to be utilised by end-September 2015.

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335