According to the Croatian Finance Minister, the Croatian Government will guarantee the loans in full.
Finance Minister Zdravko Marić announced on Wednesday that a 300 million Kuna line of credit for businesses in the culture and creative industries sectors that have been hit by the corona-crisis, has been agreed to with commercial banks.
"When talking about culture and creative industries, this is a very broad spectrum, starting with architecture, audio-visual jobs, this includes video games, heritage, the media, publishing, literature, dance, music, and other visual and creative industries. I think this is a well-defined program with a clear goal."
Speaking ahead of a meeting of the inner cabinet, Minister Marić was also asked to comment on the current inflow of tax revenues with regard to the corona-crisis. Marić said that as expected tax revenues were down from last year, but that the situation was far from catastrophic.
"In terms of the budget, for July I can say that we are on track, and in some segments even slightly ahead of expectations. From January 1st until today we have seen a 14-15 percent drop in tax revenues,” Marić said.
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