Government approved HZ Cargo restructuring guidelines and a loan

The Croatian government approved the guidelines for HŽ Cargo restructuring plan for 2014 – 2018. These focus on financial consolidation, being  primarily aimed at rescuing the firm and avoiding bankruptcy.

The government also gave its approval to Railways Cargo for a loan from Croatian Postal Bank and Croatia Bank, with a state guarantee. Terms of a loan are that HZ Cargo dedicates amount of 250 million for use of financial consolidation and taking care of workers.