ANNOUNCEMENT 06 Jul 2015

In July 2015, the government of Croatia announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Croatian Bank for Reconstruction and Development (2015) HBOR podr?ao Brodosplit u izgradnji najveceg jedrenjaka na svijetu.http://www.hbor.hr/hbor-podrzao-brodosplit-u-izgradnji-najveceg-jedre


Inception date: 06 Jul 2015 | Removal date: open ended

Loan guarantee

On 6 July 2015, the Croatian Bank for Reconstruction and Development supported the Brodosplit Group for theirproject with Star Clippers Ltd., Monaco, for bulinding the world's largest sailing vessel. The estimated value of the project isUSD 72,926,175. 
 
The support was granted in a form in which the Croatian Bank for Reconstruction and Development, issued an insurance policy for the repayment of a loan portion taken by the Brodsplit Group from the German KfW Ipex-Bank (alongside another commercial bank not specified in the official announcements of the Croatian Bank for Reconstruction and Development) for the completion of this project.

AFFECTED SECTORS

 

AFFECTED PRODUCTS