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CRO ECONOMY MINISTER: GOVT TO CONTINUE TO SUBSIDISE SHIPBUILDING

PULA, Aug 22 (Hina) - Pula's shipyard Uljanik will, in line with its profit which amounts to 105 million kuna, be placed among 5, namely 10 the most profitable companies in Croatia, Croatian Economy Minister Goranko Fizulic said Tuesday. Uljanik is Croatia's greatest exporter, and this business year was the best year for Uljanik in the past 12 years with the profit of 1.75 billion kuna, Fizulic told reporters, after the talks with the Uljanik management on results of business activities in the first half of this year. After the end of the financial reconstruction programme, September 30, Uljanik will confirm it is a financially consolidated company, Fizulic said. He expressed hope Croatia's shipbuilding industry would soon realise a profit greater than US$1 bill, in stead of the current US$700 million. He added the Government would continue to subsidise the shipbui
PULA, Aug 22 (Hina) - Pula's shipyard Uljanik will, in line with its profit which amounts to 105 million kuna, be placed among 5, namely 10 the most profitable companies in Croatia, Croatian Economy Minister Goranko Fizulic said Tuesday. Uljanik is Croatia's greatest exporter, and this business year was the best year for Uljanik in the past 12 years with the profit of 1.75 billion kuna, Fizulic told reporters, after the talks with the Uljanik management on results of business activities in the first half of this year. After the end of the financial reconstruction programme, September 30, Uljanik will confirm it is a financially consolidated company, Fizulic said. He expressed hope Croatia's shipbuilding industry would soon realise a profit greater than US$1 bill, in stead of the current US$700 million. He added the Government would continue to subsidise the shipbuilding. (hina) it

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