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Croatian govt approves HZ Infrastruktura’s 32.5 mln euro loan

Jun 13, 2024, 4:03:33 PMArticle by Annie Tsoneva
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June 13 (SeeNews) - The Croatian government on Thursday gave its preliminary consent to state-owned railway infrastructure operator HZ Infrastruktura to borrow 32.5 million euro ($35.1 million) from local lender Erste&Steiermarkische Bank, a unit of Austrian banking group Erste.

Croatian govt approves HZ Infrastruktura’s 32.5 mln euro loan
HZ Infrastruktura. Source: HZ Infrastruktura

The loan is necessary to maintain the dynamics of fulfilment of the company's financial obligations to contractors related to the inflow of funds from the European Union, transport minister Oleg Butkovic told a weekly cabinet meeting as seen in a video recording published on Youtube.

The loan matures at the end of 2025 and has a fixed annual interest rate of 1.99%.

The government will provide guarantees for the loan.

($ = 0.926 euro)

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