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Minister: Unprofitable projects will no longer be financed from state budget

ZAGREB, May 17 (Hina) - Unprofitable projects will no longer be financed from the state budget, Economy Minister Darko Horvat said on Friday, noting that after bankruptcy proceedings had been launched for Uljanik d.d., the umbrella company of the Uljanik shipbuilding group, negotiations would continue with investors who had commissioned four ships that were being built by the Pula-based group.

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