Desperate Government Move to Obtain WB Loan

Accelerated search for buyer of ironworks and Sibenik TLM is connected to the government's bid to meet deadlines for getting a WB loan.

New World Bank credit loan would be to the tune of Euro 150 million, Presscut. hr. writes.

The negotiations of the Second Programme Loan for Adaptation (PAL2) ended in the end of January, but in order for the Board of Executive Managers to approve it in May, the Croatian side must carry out a number of agreed measures by 31 of March at the latest.

In March tender for privatisation of four HŽ (Croatian Railways) dependant societies

It includes sale of the three big loss-makers in state ownership, which the Government has been trying to do since autumn. Apart from those privatisations, in the Ministry they say that till the end of March tender should be put for privatisation of four societies dependant on Croatian Railway.