ZAGREB, May 10 (Hina) - Croatia's oil company INA and the European Bank for Reconstruction and Development (EBRD) today signed an agreement on a loan worth 36 million euro, intended for the financing of INA's ecological projects.
"Through this loan we will realise 17 ecological projects and thus begin a new investment cycle in INA," the company's management chairman, Tomislav Dragicevic said. The projects will not only preserve the environment, but also improve the quality of INA's products ahead of its privatisation, he said. This is an important loan for the EBRD not only because of the environment, but also because it will assist INA to reach European standards, as well as with its privatisation, EBRD's natural resources department president Kevin Bortz said. "I hope this is a good start where the EBRD will, with this loan, become involved in a wider scale into transformation processes in Croatia,
ZAGREB, May 10 (Hina) - Croatia's oil company INA and the European
Bank for Reconstruction and Development (EBRD) today signed an
agreement on a loan worth 36 million euro, intended for the
financing of INA's ecological projects.
"Through this loan we will realise 17 ecological projects and thus
begin a new investment cycle in INA," the company's management
chairman, Tomislav Dragicevic said.
The projects will not only preserve the environment, but also
improve the quality of INA's products ahead of its privatisation,
he said.
This is an important loan for the EBRD not only because of the
environment, but also because it will assist INA to reach European
standards, as well as with its privatisation, EBRD's natural
resources department president Kevin Bortz said.
"I hope this is a good start where the EBRD will, with this loan,
become involved in a wider scale into transformation processes in
Croatia, and on behalf of the Croatian government I thank this bank
for its cooperation so far," Croatian Finance Minister Mato
Crkvenac said.
(hina) lml