Croatia’s government decided to allow the operator of the Zagreb airport, MZLZ, to borrow €19.5mn from the European Bank for Reconstruction and Development (EBRD), it said in a statement on its website.
The company needs fresh cash to meet its liquidity needs as it has suffered severely from the coronavirus (COVID-19) pandemic.
In 2020, the turnover of the Zagreb airport shrank 73% y/y to €58mn.
MZLZ is restructuring Zagreb airport’s costs and was allowed by its creditors to borrow the €19.5mn from the EBRD. However, the company will have to ban the distribution of profits to shareholders, as well as to freeze payment of a €38.5mn debt of concession-holders to shareholders.
Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more
CIB Bank, a subsidiary of Italy's Intesa Sanpaolo, is planning further expansion in 2025 after posting record results last year, CEO Pal Simak said after the release of the annual earnings report. ... ... more
The European Commission has approved Romania’s planned €200mn capital increase for state-owned CEC Bank, allowing the country to proceed with strengthening the lender’s financial position, ... more