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Gov't issues EUR 96M state guarantee for Uljanik

Author: Marija Šestan

ZAGREB, Jan 11 (Hina) - Croatia's government on Thursday authorised the Finance Ministry to issue a state guarantee in the amount of 96 million euros in favour of Croatian Postal Bank (Hrvatska Postanak Banka) and/or some other commercial banks in the country and/or abroad for a credit commitment of the Pula-based Uljanik shipyard for the implementation of a restructuring process as well as financial consolidation of the company.

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