IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 27 Jun 2013 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

In 27June 2013, the government of the Republic of Croatia approved a state aid amounting to 106 million Euros (136 million US Dollars) for the national carrier Croatian Airlines. The main reason for the injection was to fund the costs of the strategic restructuring plan that had been designed in order for Croatia Airlines to regain financial stability. The decision was approved by the Croatian Competition Agency.
The Croatian Government chose to approve the implementation of the state aid prior to officially joining the European Union in July 2013. After joining the EU, state aids become subject to the approval of the European Commission.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.