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Croatian govt approves Porec’s 8.8 mln euro loan from PBZ

Jun 13, 2024, 3:36:18 PMArticle by Annie Tsoneva
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June 13 (SeeNews) - The Croatian government on Thursday allowed the authorities of the northern Adriatic town of Porec to borrow 8.8 million euro ($9.5 million) from Privredna Banka Zagreb, the local unit of Italian banking group Intesa, finance minister Marko Primorac said.

Croatian govt approves Porec’s 8.8 mln euro loan from PBZ
Porec. Source: The town authorities of Porec

The funding from the loan will be used to finance capital projects - the construction of two kindergarten, Primorac told a weekly cabinet meeting, as seen in a video recording published on Youtube.

The loan will be allocated in two tranches, at fixed annual interest rates and with a 15-year maturity.

($ = 0.927 euro)

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