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'CROATIA LINE' FILES FOR BANKRUPTCY

RIJEKA, March 31 (Hina) - A commercial court in the biggest seaport of Rijeka on Friday received a proposal for initiating bankruptcy procedures over a shipping company "Croatia Line". The proposal has been signed by the company's director, Davor Tijan, according to sources in the director's office. It was made in compliance with an order of a majority owner of 'Croatia Line', the Croatian Privatisation Fund (HFP). Today a part of remaining 72 employees received decision on their dismissal, but they will work during the period of notice.(hina) ms
RIJEKA, March 31 (Hina) - A commercial court in the biggest seaport of Rijeka on Friday received a proposal for initiating bankruptcy procedures over a shipping company "Croatia Line". The proposal has been signed by the company's director, Davor Tijan, according to sources in the director's office. It was made in compliance with an order of a majority owner of 'Croatia Line', the Croatian Privatisation Fund (HFP). Today a part of remaining 72 employees received decision on their dismissal, but they will work during the period of notice. (hina) ms

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