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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Austal Delivers LCS 8 to US Navy

Austal Limited (Austal) (ASX:ASB) delivered the future USS Montgomery (LCS 8) to the U.S. Navy, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 23 June.

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

Cruise Ship Trends

Crystal Cruises Plans Return to Port Everglades

Crystal Cruises' ships will return to Broward County's Port Everglades beginning in Fall 2017, having last sailed from the port in 2006.   Beginning October 27,

Kiel is First German Port of Call for Mein Schiff 5

The brand-new TUI Cruises newbuilding Mein Schiff 5 has arrived in Kiel – her first German port of call since being handed over in Turku, Finland, a few days ago.

Kiel Welcomes P&O’s Arcadia on Maiden Call

P&O Cruises’ Arcadia berthed June 22, for her first visit ever to the Port of Kiel, arriving just as the prestigious Kieler Woche sailing regatta marked its half-way point.

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.0767 sec (13 req/sec)