Croatia Needs Major Bridge Loan

Politics ♦ Published: December 28, 2013; 10:46 ♦ (Vindobona)

In order to cover its fiscal shortfall, the youngest EU member country takes a bridge loan in the amount of € 200m.

Croatia Needs Major Bridge Loan / Picture: © Vindobona.org

This week, the Republic of Croatia will take a bridge loan, Croatia´s Minister of Finance Slavko Linic said. The bridge loan worth € 200m should cover the budgetary needs for 2013, Linic explained. Linic did not talk about the banks which are involved.

Already in November, Croatia borrowed € 1.3bn on the international bond market. According to Linic, these funds are used for…

or Log In

Fast News Search
Related News
CESEE: Dependence on Foreign Demand Remains Main Obstacle (December 21, 2013)
CESEE: Potential to Return to Pre-Crisis Growth (December 19, 2013)
Poland: PZU Places Binding Offer for Croatia Osiguranje (December 17, 2013)
Croatia: Privatization of HPB Fails (December 13, 2013)
Croatia: Major Investments to Boost Economic Growth (December 13, 2013)
Read More
Croatia, EC European Commission, Fiscal Policy, Slavko Linic, Public Debt, Bond Market, Lending, Economic Growth, GDP Gross Domestic Product
Featured
Coronavirus Situation at the Vienna International Centre (VIC): Live-Ticker - One New Positive COVID-19 Cases, Total of 55 Cases
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter