Jadran

Croatian PM announces state collateral for Petrokemija

Caretaker Prime Minister Tihomir Oreskovic said on Tuesday the issue of a loan to the Petrokemija artificial fertiliser manufacturer so that it can pay its debts, was solved and that the government would put up the collateral for it, but not with shares in the Jadran tourism company.

Minister: State's stake in Jadran company as collateral for Petrokemija's loan

The state-owned stake in the Jadran hotel company from Crkivenica will not be sold but will be used as collateral for a loan the Petrokemija artificial fertiliser producer will take to repay its 200 million kuna debt to the PPD gas company, outgoing Economy Minister Tomislav Panenic said after a government session on Thursday, adding that the government could adopt a decision to that effect next week.