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WITHOUT NEW OWNER RIJEKA SHIPYARD MUST GO BANKRUPT - DEPUTY PM

ZAGREB, June 11 (Hina) - Unless a new owner is found, Rijeka's shipyard "Viktor Lenac" will have to file into bankruptcy, Vice-Premier Slavko Linic said during question time in parliament Wednesday.
ZAGREB, June 11 (Hina) - Unless a new owner is found, Rijeka's shipyard "Viktor Lenac" will have to file into bankruptcy, Vice- Premier Slavko Linic said during question time in parliament Wednesday. #L# In response to a question by Istrian Democratic Assembly's (IDS) Damir Kajin, Linic said the shipyard's losses were primarily the consequence of an irresponsible business policy of the current owners, who ventured into building another shipyard which does not function today. That was a completely unjustified investment, he stressed. Linic said that in the past half year the government had been continuously negotiating with Lenac's owners and was trying to protect Croatian companies from the irresponsible conduct of owners and employers. "The Croatian budget will no longer cover the losses which Lenac's owners incurred by investing into something which does not function today," Linic warned. The government is negotiating with current and potential new owners for the shipyard, he said. Linic labelled as untrue Social Liberals' (HSLS) Marko Baricevic's claims that he was consistent in developing the economy of his own, narrower Rijeka region and in destroying everything in the Slavonia region. "As a representative of the executive authorities, I try to do my job responsibly and have the courage to make decisions, although I may be ridiculed and insulted in parliament," Linic said. (hina) lml sb

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