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FIZULIC PREDICTS FAST RECOVERY OF SPLIT SHIPYARD

SPLIT SHIPYARD SPLIT, Feb 29 (Hina) - The Split shipyard will overcome a crisis, with the help of the Croatian Government. We are expecting that this year 'Brodosplit' begins constructing big passenger ships, as the Government is going to help the company consolidate, by rescheduling the $61.5-million debt in the next four years, which should be settled this year, said Croatian Economy Minister Goranko Fizulic after he held long talks with the Brodosplit management behind the closed doors on Tuesday in Split. The minister said this year's inflow of 107 million dollars will be left to Brodosplit. The Government will also give guarantees for pre-payments of $10 million for preparation of the building of new ships. Our strategic goal is to help Brodosplit build tankers and other vessels in big series, Minister Fizulic added. Brodosplit Director Vinko Rosic voiced satisfaction after Tuesday's talks addi
SPLIT, Feb 29 (Hina) - The Split shipyard will overcome a crisis, with the help of the Croatian Government. We are expecting that this year 'Brodosplit' begins constructing big passenger ships, as the Government is going to help the company consolidate, by rescheduling the $61.5-million debt in the next four years, which should be settled this year, said Croatian Economy Minister Goranko Fizulic after he held long talks with the Brodosplit management behind the closed doors on Tuesday in Split. The minister said this year's inflow of 107 million dollars will be left to Brodosplit. The Government will also give guarantees for pre-payments of $10 million for preparation of the building of new ships. Our strategic goal is to help Brodosplit build tankers and other vessels in big series, Minister Fizulic added. Brodosplit Director Vinko Rosic voiced satisfaction after Tuesday's talks adding this was the first time to have held serious talks with the Government on Brodosplit problems. (hina) mm ms

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