Croatia To Aid Exports By Subsidizing Shipbuilding

Tuesday, February 01, 2000
The Croatian will subsidize the ailing shipbuilding industry to boost the country's stagnating exports, officials said, adding that while Croatia has few products it can export, a product it does have is ships. Officials said that, given the new government's proclaimed goal of entering the EU, Croatia had to find a way of balancing its current and trade accounts. The country's trade gap in the first 11 months of 1999 stood at $3.2 billion, while the current account gap is forecast at around $1.5 billion or 6-7 percent of gross domestic product. The government was prepared to help put the ailing industry back on track, but will not pay for their current expenditures such as wages, which was a standard practice of the former government, officials said.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Towering Damen Marine Components Hits 150‏

Damen Marine Components (DMC), the oldest company in Damen Shipyards Group, celebrates its 150th anniversary today. DMC has grown from a very small shipyard established in Gorinchem in 1865,

Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,

Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.

Cruise Ship Trends

Abu Dhabi Ports Welcomes New Cruise Season

As Abu Dhabi's new Zayed Port cruise terminal opens by the end of this year, the number of cruise ships docking in Abu Dhabi is set to increase by a fifth this season, reports the National.

Cruise Critic Awards Best Cruise Lines of 2015

Online cruise guide Cruise Critic has announced the winners of its annual Editors' Picks Awards for 2015, revealing the industry's top performers in a variety of different categories.

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017.

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0852 sec (12 req/sec)