ZAGREB, June 27, 2019 – Minister of Economy, Entrepreneurship and Crafts Darko Horvat said on Thursday he believed that Rijeka’s 3. Maj shipyard would not end up in bankruptcy and that the government intended to find a solution to help the shipyard complete the projects it had begun.
“We have to be sure that whatever we do is in line with law,” Horvat told reporters after a cabinet meeting when asked if the government would provide financial assistance for the completion of the vessels.
Asked if he expected this might draw objections from the European Commission, Horvat said there would be no problems with the Commission. Asked if this meant that the shipyard would not end up in bankruptcy, given that a bankruptcy hearing was scheduled for July 4 before the Commercial Court in Rijeka, Horvat said he believed there would be no bankruptcy.
Asked last week if there was a chance of the government entering 3. Maj with its own money, Horvat said that a legal way was being sought to ensure the completion and delivery of the ships that were near completion.
On July 4, the Commercial Court in Rijeka is due to examine preconditions for the opening of bankruptcy proceedings for the 3. Maj shipyard. The hearing has been delayed several times so far, the last time being in early June.
More news about Croatian shipyards can be found in the Business section.
