HDZ borrows from a few more private companies

Andrej Plenkovic, who is set to take the helm of the Croatian Democratic Union (HDZ), on Friday received a report from the party's secretary-general Ivan Domagoj Milosevic regarding the party's operations in 2014 and 2015, which notes that the party took loans from several companies, the last of these being from the DIV company in December in the amount of HRK 1.4 million at an interest rate of 6%.

That loan was entirely repaid within the set deadline along with a repayment of HRK 2 million to Partner Bank for a loan taken in December 2015 at an interest rate of 7.5%.

In the report shown to Hina, short-term loans were taken from the Prvo Plinarsko Drustvo (PPD) gas company in 2014 in the amount of HRK 3 million at an interest rate of 7.5% and repayment due on 31 December that same year. Later annexes extended the repayment date five times and the last extension was for 30 June this year.

HDZ took out another loan from PPD in October 2014 with the same interest rate for a loan of HRK 1.8 million. That loan too was to have been repaid by 31 December that same year however this was also extended to 30 March 2015 and that the loan was repaid in two instalments.

Another loan of HRK 2 million was taken from the same company on 7 July 2015 with the same interest rate of 7.5% to be repaid that year and the due date was moved back on two occasions, the final due date being 30 June this year.

PPD's owner Pavao Vujnovac confirmed to the media that the party has still not repaid loans amounting to HRK 4.2 million and has requested in writing that party repay the loans.

HDZ also took loans from the Viadukt d.d. construction company in the amount of HRK 200,000 with an interest rate of 7.5% and has extended the repayment period with the final due date being 31 December this year.

In addition, the party took out another two loans late 2014 from Zagrebacka Banka, one for HRK 6.72 million and the other to re-schedule a loan taken in 2013 in the amount of HRK 4.8 million. Both these loans were taken with an interest rate of 5.5% and a repayment date of 31 January 2019.

(EUR 1 = HRK 7.5)

Last update: Fri, 08/07/2016 - 16:03

More from Croatia

Gov't, parliament, president must see to cooperation with emigrants, says Croatian PM

Prime Minister Andrej Plenkovic said on Friday it was very important that the government, parliament, the president...

Financial sector reforms are crucial for sustained growth in Croatia and region

Financial sector development must go beyond improving access to bank credit and financial systems should develop in...

Croatia's industrial producer prices down for 43 straight months

Croatia's industrial producer prices fell by 2.9% in November 2016 compared with November 2015, continuing their...

Stier for more active OSCE role in SE Europe

Attending the 23rd OSCE Ministerial Council in Hamburg on Thursday, Croatia's Foreign and European Affairs Minister...

Croatian President: Officials should refrain from commenting on Constitutional Court's work

Reacting to a statement by Interior Minister Vlaho Orepic that the Constitutional Court's judges were the biggest...