Minister: Two Letters of Interest for Textile Company Orljava

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We are doing everything we can to make such a strategic partnership happen and to ensure a normal future for at least a hundred of workers at Orljava if not for all on its payroll, Horvat told reporters during a visit to the coastal town of Vodice.

To those claiming in the media that the state has not helped the Požega-based company until now, he said that the government had so far provided HRK 24 million in various loans and lent HRK 3 million, which hadn’t managed to save Orljava from bankruptcy proceedings.

I didn’t want Orljava to turn into a small Uljanik and feed a company that cannot operate on the market like this and with its business plans, Minister Horvat said, stressing that if the income does not cover the expenses, then the management must ask itself what to do next.

He said they hadn’t been able to receive a development plan from Orljava’s management, which would have enabled them to see a new investment cycle and to determine a technical correlation with its biggest buyer until yesterday, the German company Olimp.

As for the reconstruction after the earthquakes in Zagreb and Banovina, Horvat that in addition to construction engineers, the reconstruction required lawyers due to “the catastrophic state of property relations” and the legality of buildings awaiting reconstruction.

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