Government has authorized the Finance Ministry to grant the Treći Maj shipyard a 26 million Euro loan guarantee for the completion of one of the ships in its dock.
The Rijeka based shipyard was on the brink of being forced into receivership due to the debt woes of its parent company Uljanik. Uljanik, which also owns and operates the Uljanik shipyard in Pula, was forced into receivership after its massive debts led to the company’s accounts being frozen. Workers were left without months of back wages.
A plan for the restructuring of the Treći Maj shipyard has been put forth an adopted by government, prompting it to back efforts to restart production. The first goal is to complete a bulk cargo freighter for a Canadian client by September 15th of 2020.
Prime Minister Andrej Plenković visited the shipyard after today's cabinet session. "After everything you've been through this is a new beginning of sorts. Our decision was based on trust, and it is important for all of you to know that. Trust, a good plan, a sustainable and legal framework and investment so that you can finish this boat, and in the meantime we can find a long-term solution. So we are working on a parallel process. You do what you do best, and we'll back you up."
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