Analytical Discussion on Uljanik Overhaul Models Starts Monday

Total Croatia News

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ZAGREB, March 1, 2019 – Economy Minister Darko Horvat said on Friday an “analytical discussion” about models and programmes for the overhaul of the Uljanik Group would be held next week with the recently selected strategic partner Tomislav Debeljak, who is the owner of the Brodosplit shipyard, and the most suitable model would be later presented to the government and Prime Minister Andrej Plenković.

Horvat said that the ministries of economy and finance would begin the analytical discussion with Debeljak and the Uljanik management on Monday, and the outcome of the discussion would be presented to the government.

The minister also believes that Debeljak had enough time in the past two weeks to specify his proposal and a financial scheme. He also said that he possessed information that the strategic partner had contacted several local and foreign banks for this project, however, Horvat did not know if any of those lenders decided to help the businessman in this project of the future restructuring of Uljanik,

Horvat recalled that Debeljak will be given a month to hammer out the overhaul plan and that the European Commission has informed Zagreb that it will need three to four months to assess the plan.

Asked by the press about the postponement of the publishing of financial reports for the Uljanik and 3. Maj shipyards’ performance in 2018, the minister referred reporters to the company’s management board.

More news about Croatian shipyards can be found in the Business section.


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