Independent journal on economy and transport policy
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Ok of the EU commission to a loan guaranteed from the State in favor of the Croatian ship yard Uljanik
It will assure the liquidity necessary in order to put into effect a plan of business restructure
January 22, 2018
The EU commission has authorized the distribution to the Uljanik ship yard of Pula of a loan guaranteed from the Croatian State of the value of 96 million euros, indispensable financing in order to assure to the navalmeccanica society the immediate liquidity necessary in order to give course to a plan of business restructure.
Brussels has explained that the loan will in the next few months allow to pay the employed salaries of some 1.800 people in the yard, to pay the suppliers and other passivities and to prevent to an immediate cessation of the activity with consequent a heavy impact on the occupation in a region as that of the Croatia in which the rate unemployment he is meaningfully higher than average of the EU.
Moreover the Commission has evidenced that the rigid conditions connected to I use it of the deep ones procured through the state guarantee and the short duration of the measure will reduce lessened the distortion of the competition potentially determined from the state support.
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