Croatia to provide state guarantees for shipyard loans

The Croatian Government has adopted a decision to give state guarantees to the London branch of Credit Suisse International for loans to the 3.Maj shipyard and Brodosplit-Brodogradiliste. It will also give state guarantees to JP Morgan, London, for a loan to Brodotrogir. At 3.Maj, the loans will go towards financing several construction projects while at Brodosplit-Brodogradiliste, it will help with production and maintaining operations.