Global Trade Alert
Global Trade Alert

Croatia: Introduction of loan guarantee to support industrial group facing liquidity contraints

Announcement

08 May 2020

On 8 May 2020, the European Commission approved a loan guarantee from Croatia to support Đuro Đaković, an industrial company located in Brod-Posavina County, in managing its liquidity crisis

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

08 May 2020

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 8 May 2020, the European Commission approved a HRK 300 (USD 43) million loan guarantee measure from Croatia. The aid will support Đuro Đaković and help it cover its pending debts and operational co...

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