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Croatian government approved HZ Cargo a loan from Zagrebacka Banka

The Croatian government has approved HZ Cargo to take a HRK 15.4 million (EUR 2 million)  loan from Zagrebacka Banka, in order to refinance a short term credit.

HZ Cargo is in the process of implementing its restructuring and financial consolidation program and the loan repayment causes additional liquidity problems for the company, slowing the process, which is why the company required for another refinancing credit.

The loan is be used until  the end of the year.

 

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