(Photo: Sanjin Strukic/PIXSELL) (Photo: Sanjin Strukic/PIXSELL)

At the same time, Minister Horvat said the matter would not be discussed at Thursday's cabinet session.

In late December the minister said that a temporary solution for the company based in Slavonski Brod would be for the state to provide guarantees on a 150 million kuna loan.

The loan, said Horvat, would help unblock the business accounts of companies within the Đuro Đaković Group and secure liquidity for the completion of open contracts.

A further 128 million kuna would be secured for the company's survival once the contracts are finished and the products delivered.

Minister Horvat also believes the appointment of Hrvoje Kekez as the new chair of the management board was a positive move for the future of the company.

Source: HINA