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21 April 2019 The on-line newspaper devoted to the world of transports 16:32 GMT+2

May 2, 2018

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Green light of the EU commission to the plan of restructure of the shipowning society Croatian Jadroplov

It previews aids for about 14,2 million euros

The EU commission has approved of the plan of restructure of the shipowning society Croatian Jadroplov d.d., company is constituted in 1947 to Shovelled and is controlled by the Croatian State that during the last few years it has tried without success to privatize it. The plan previews aids for 105,6 million kune (14,2 million euros) through a subsidy and guaranteed bank loans from the State.

Brussels has taken note that the restructure plan will allow with the company to become profitable over the long term without having to resort to an ongoing state support. Moreover the Commission has specified that Jadroplov will contribute meaningfully to the cost of 144,9 million kune of the restructure in particular making sure financings from the private sector and yielding activity, sales that - it has specified Brussels - that they will contribute to reduce the potential determined distortions of the competition from the aid to the restructure.

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