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.
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“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.