UniCredit Bank

Franak says foreign minister has signed blank cheque to UniCredit

The Franak association, which brings together holders of loans denominated in the Swiss franc, said on Monday that caretaker Foreign Minister Miro Kovac's statements about UniCredit's lawsuit over the conversion of those loans were inappropriate and that the arbitration body where the suit was filed was not competent for the dispute.

Croatian FinMin says UniCredit's letter is announcement of lawsuit

Caretaker Finance Minister Zdravko Maric said on Saturday that a letter about the conversion of Swiss franc loans which Italy's UniCredit had sent the Foreign Ministry was the announcement of a lawsuit, and that the European Commission had extended until September 30 the deadline by which Croatia should reply to it about the conversion.

Oreskovic makes good impression on investors

In a confidential report addressed to hundreds of financial investors, Nielsen made his observations about Croatia after a day and a half of talks with Croatia's prime minister-designate and central bank governor, saying that it was worth keeping an eye on Croatia, according to the Jutarnji List daily of Monday.