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"JADROLINIJA" RECEIVES CREDIT FROM AUSTRIAN BANK

Autor: ;HA;
RIJEKA, Feb 20 (Hina) - Croatian passenger shipping company Jadrolinija from Rijeka and Austrian Creditanstalt-Bankverein bank from Vienna on Thursday signed an agreement on a 25 million German mark credit for the expansion of Jadrolinija's fleet. With this credit Jadrolinija will pay part of its debt for a newly purchased ship, the Dubrovnik, as well as the completion of three ferries, which are being built in two Croatian shipyards. The Croatian government agreed on the credit, which will be repaid within seven years, with a one-year grace period and a yearly interest rate of 4.6 percent. The agreement was signed by Jadrolinija's managing director Milivoj Ruzic and the manager of the Vienna Bank's Credit Department, Juergen Kullnigg. (hina) ha jn 201758 MET feb 97

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