Government is expected to present an analysis of the Uljanik Group's books next week. The debt ridden Uljanik Group owns the Uljanik and 3 Maj shipyards in Pula and Rijeka.
Speaking for Croatian Radio on Saturday, Radimir Čačić, whose People’s Party-Reformists is a junior member of the coalition government, said that government should not waste anymore tax payer money on Uljanik. He called on the finance and economy ministers to make public the true cost of Uljanik's restructuring or bankruptcy.
"If the costs are the same then we are all in favor of restructuring, but if we have to give another three or four billion of our Kuna, then there is not point. It especially doesn't make sense, because the solution for 3 Maj, which represents half of this story, isn't problematic at all. Receivership with restructuring would revive the 3 Maj shipyard in a couple of months," Čačić said.
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