Croatia plans to wrap up privatization of shipyards by end-May – fin min

ZAGREB (Croatia), January 21 (SeeNews) – The privatizations of Croatia’s three remaining state-run shipyards are planned to be approved by both the government and the European Union by the end of May, the country’s finance minister said on Monday.

In a comprehensive monitoring report issued in October, the European Commission said that Croatia – due to join the 27-nation bloc in July 2013, needs to proceed with the signing of the privatisation contract for the Brodosplit shipyard and with finding a solution for the 3.Maj and Brodotrogir docks as a matter of urgency in order to fulfil the requirements of the annex in its accession treaty on restructuring of the shipyards by the date of its EU entry.

“We are expecting to reach a [privatisation] contract proposal with the 3 Maj shipyard in February,” Slavko Linic said in an audio file posted on the government’s website.

The format for the privatisation of the Adriatic country's six state-owned shipyards was agreed with the European Commission as a key step in its accession talks with the bloc.

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