SISAK, March 4 (Hina) - Croatian Economy Minister Ljubo Jurcic said on Tuesday the altered text of a bank guarantee given by the Russian company Mechel for the payment of six salaries to workers in Sisak's ironworks was acceptable and
the government expected to be notified about it through bank channels.
SISAK, March 4 (Hina) - Croatian Economy Minister Ljubo Jurcic said
on Tuesday the altered text of a bank guarantee given by the Russian
company Mechel for the payment of six salaries to workers in Sisak's
ironworks was acceptable and the government expected to be notified
about it through bank channels. #L#
Addressing a meeting with unions fighting for the survival of the
ironworks, the minister said the government might decide at its
session on Thursday to lift a mortgage from ironworks property and
exempt the ironworks from the obligation to pay certain taxes,
whereby the contract on the sale to Mechel would come into force.
The Russian representatives said at the meeting they would deliver
the bank guarantee by Thursday as well as buy at market prices part
of spare parts and raw materials necessary to kickstart production,
while the rest, the price and method of payment would be agreed with
the ironworks' bankruptcy administrator.
(hina) ha sb