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CRO GOVT ENSURES US645 MILLION FOR METAL MANUFACTURING FIRMS

ZAGREB, Dec 15 (Hina) - The Croatian Government on Tuesday in +reaction to a metal workers protest released figures showing +measures it employed and resources it earmarked for the +restructuring and financial rehabilitation of metal-+manufacturing companies in Croatia.+ According to the Croatian Government and Ministry of Finance, 40 +companies have undergone the restructuring and financial +rehabilitation processes from December 10, with a total of US$645 +million invested, and US$960 million worth of state guarantees.+ These measures helped 20,757 employees retain their jobs, and +provide for 7,829 others, said a statement from the Government's +Communications Office.+ Debts of 40 companies have been settled by the transfer of shares +from the portfolio of the Croatian Privatisation Fund or the +conversion of deposits. Seven of these companies are shipbuilding +compan
ZAGREB, Dec 15 (Hina) - The Croatian Government on Tuesday in reaction to a metal workers protest released figures showing measures it employed and resources it earmarked for the restructuring and financial rehabilitation of metal- manufacturing companies in Croatia. According to the Croatian Government and Ministry of Finance, 40 companies have undergone the restructuring and financial rehabilitation processes from December 10, with a total of US$645 million invested, and US$960 million worth of state guarantees. These measures helped 20,757 employees retain their jobs, and provide for 7,829 others, said a statement from the Government's Communications Office. Debts of 40 companies have been settled by the transfer of shares from the portfolio of the Croatian Privatisation Fund or the conversion of deposits. Seven of these companies are shipbuilding companies. The statement also mentions the Government is considering financial reconstruction of another 20 metal processing companies. (hina)jn ab/ha

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