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CRO LOWER HOUSE DISCUSSES LOAN FOR TOURISM

ZAGREB, Sept 20 (Hina) - Croatian Parliament House of Representatives on Friday ended a discussion about several bills which have been entered in urgent procedure, ratifying international contracts on avoiding double taxation and an agreement on a loan of the European Bank for Reconstruction and Development (EBRD) for tourism.
ZAGREB, Sept 20 (Hina) - Croatian Parliament House of Representatives on Friday ended a discussion about several bills which have been entered in urgent procedure, ratifying international contracts on avoiding double taxation and an agreement on a loan of the European Bank for Reconstruction and Development (EBRD) for tourism. #L# The agreement between Croatia and EBRD on a guarantee for a line of credit for tourism endorses 50 million German marks of loan to the Croatian Bank for Reconstruction and Development for six years with a two year grace period. The Lower House also discussed a bill ratifying an agreement between the Croatian and German governments on taking over and rescheduling of foreign debts. The total debt amounts to 540 million German marks to repay in 14 years with a two year grace period. The afternoon session of the Lower House is to continue with a vote on items which were discussed in the last two days and on several items which were discussed at the 10th session, in late June. (hina) lm jn 201628 MET sep 96

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