ZAGREB, March 11 (Hina) - The Croatian Government on Thursday approved a US$1.19-million worth loan for the financial rehabilitation of the Osijek Iron Foundry and Machinery Plant OLT. The loan, approved at today's Government session,
was granted from a special fund of the Croatian Bank for Reconstruction and Development (HBOR) for the rehabilitation of companies facing financial difficulties. The loan will be used for the payment of obligations towards workers, suppliers and the Croatian Power Supply (HEP). Time of repayment is eight years, with a two-year grace period and an interest rate of four per cent annually. The Osijek Iron Foundry and Machinery Plant has a long-standing tradition in metal-working industry. During the Homeland War, the factory suffered damage estimated at DM6.52 million. The factory's capital stock amounts to DM 30.9 million. The largest share in the ownership structure is held by Sl
ZAGREB, March 11 (Hina) - The Croatian Government on Thursday
approved a US$1.19-million worth loan for the financial
rehabilitation of the Osijek Iron Foundry and Machinery Plant OLT.
The loan, approved at today's Government session, was granted from
a special fund of the Croatian Bank for Reconstruction and
Development (HBOR) for the rehabilitation of companies facing
financial difficulties.
The loan will be used for the payment of obligations towards
workers, suppliers and the Croatian Power Supply (HEP).
Time of repayment is eight years, with a two-year grace period and
an interest rate of four per cent annually.
The Osijek Iron Foundry and Machinery Plant has a long-standing
tradition in metal-working industry. During the Homeland War, the
factory suffered damage estimated at DM6.52 million.
The factory's capital stock amounts to DM 30.9 million. The largest
share in the ownership structure is held by Slavonska Banka
(39.02%), followed by the Croatian Privatisation Fund (36.52%),
while small share-holders own 12.51% of the capital.
(hina) rml